Cleveland, Queensland
Easy As Chips! Business Only Permanent MR in Beautiful Bayside Cleveland
Under Contract / Offer
Business Description
- Asking for $220,000 on Verified Net Income of $48,686
- Prime Bayside Cleveland
Raby Bay Harbour restaurants just a short stroll away, Cleveland CBD, Train Station, Lighthouse are minutes' walk away
- Fantastic Body Corporate salary of $25,694, with annual increase by CPI every July
- Very well run complex and well established and steady business, all procedures documented
- There are the least facilities in complex, no gate, no pool, no gym, no BBQ, easy to manage
- Small letting pool to give you an undisturbed lifestyle
- Stunning complex very popular with long tenants
- No office, be contactable during normal hours
- Ideal for a family or semi-retired couple looking for an easy income and great lifestyle
This is a rare opportunity to purchase such a beautiful lifestyle and easy permanent management right! Come and take a look, we are sure you will be impressed!
Business Summary
Key Investment Insights
1. Asking price $220,000 against verified net income $48,686, implying a purchase multiple of about 4.5 times net income.
2. Prime bayside Cleveland location, within minutes' walk of Raby Bay Harbour restaurants, Cleveland CBD, train station and lighthouse.
3. Significant recurring body corporate salary of $25,694, with an annual CPI-linked increase each July, providing inflation-protected income.
4. Very well run, established and steady management rights business, with all procedures documented, reducing transition risk.
5. Minimal complex facilities, no gate, pool, gym or BBQ, which reduces maintenance complexity and operating overheads.
6. Small letting pool and a stunning complex popular with long-term tenants, supporting stable rental income and low tenant turnover.
7. No on-site office required, lowering fixed costs, however operators must be contactable during normal hours.
8. Suits an owner-operator model, particularly a family or semi-retired couple seeking an easy income and lifestyle.
9. Rare opportunity for a lifestyle-oriented permanent management rights in a desirable bayside market.
10. Simple operational profile and documented systems make the business easier to hand over or scale for a new owner.
