Cleveland, Queensland
Asking $1.569mil, Stunning Permanent Management Rights Centrally in Cleveland
$1,569,000
Business Description
Net Income $178,081 for $819,000
Manager Residence at $750,000
Totally Asking $1,569,000
Elegant Complex
Perfectly located in Cleveland, a highly sought after position - a quiet and leafy community, just a short stroll to large shopping towns, medical, CBD, schools, transport, the Harbour Precinct and a wide array of amenities, everything is only moments away.
Appr. 25 min ride to Garden City Westfield, Brisbane South Suburbs
Appr. 35min ride to South Bank Parkland, South Brisbane
Appr. 60min ride to Surfers Paradise Beach, Gold Coast
Good rental and very popular for renters.
Very Supportive BC
Good Relationship with BC in place
Great Remuneration
$129,970 with annual adjustment of CPI every April
Long Agreement
Still 23 years left on agreement
Modern and Stunning Manager Residence
A spacious size, two storey 3 beds, 2.5 baths, 3 carparks townhouses comfortably suits all your family's needs
- Fully fenced house with security
- Large backyard for big families
- big office and manager storage
Manager Unit has been rented at $680 per week, $35,360 annually
No Requirement of Residing Onsite
No requirement to live onsite
No set up office hours
Just contactable during working hours
This would be a perfect opportunity to secure a solid income and lifestyle business, it ticks all your boxes.
Please book your inspection immediately with our exclusive NEXT team.
Business Summary
Key Investment Insights
1. Asking price $1,569,000 comprises business component $819,000 and manager residence $750,000.
2. Reported net income $178,081 against the $819,000 business price, implying a strong net return on the business component.
3. Manager remuneration $129,970 with annual CPI adjustment each April, providing predictable income growth.
4. Long-term agreement security, approximately 23 years remaining.
5. Manager residence is a modern two-storey 3 bedroom, 2.5 bathroom townhouse with 3 carparks, large backyard, fenced security, large office and manager storage.
6. Manager unit historically rented at $680 per week, generating $35,360 pa in alternative income.
7. No requirement to reside onsite and no set office hours, offering operational flexibility and lifestyle appeal.
8. Centrally located in Cleveland within short walking distance to major shopping, medical facilities, CBD access, schools, transport and the Harbour Precinct.
9. Commute accessibility: about 25 minutes to Garden City Westfield, about 35 minutes to South Bank Parkland, about 60 minutes to Surfers Paradise.
10. Strong rental demand and popularity with renters, enhancing occupancy and revenue stability.
11. Supportive body corporate with an established good relationship, reducing governance and operational friction.
12. Modern, elegant complex and manager residence present strong presentation and curb appeal for residents and owners.
