Cleveland, Queensland
Business Only, Large Remuneration and 30% High Return Permanent Management Rights in Cleveland
$548,000 Only Asking 3.5 times Permanent
Business Description
Net Income $162,169 for $548,000
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
$126,871 with annual adjustment of CPI
No Requirement of Residing 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. Business-only sale with 30% permanent management rights interest, offering a substantial stake in complex management.
2. Asking price $548,000 with reported net income $162,169, implying an approximate 29.6% return on purchase price.
3. Strong annual remuneration of $126,871, indexed to CPI, providing predictable income growth.
4. Elegant complex in a highly sought-after Cleveland location, suggesting appeal to owners and tenants.
5. Very supportive body corporate and established good relationship with BC, reducing governance friction.
6. No requirement to reside onsite, enabling owner-operator flexibility or remote management.
7. No set office hours required, only need to be contactable during working hours, supporting a lifestyle business model.
8. Excellent tenant demand and rental performance, described as very popular for renters, supporting occupancy and cashflow.
9. Prime accessibility, approximately 25 minutes to Garden City Westfield, 35 minutes to South Bank Parkland, and 60 minutes to Surfers Paradise, enhancing market appeal.
10. Proximity to local amenities including shopping, medical, CBD, schools, transport and the Harbour Precinct, increasing convenience for residents and resilience of rental demand.
