Key Investment Insights
AI generated. Confirm details with the seller.
1. Business only sale of Permanent Management Rights in Cleveland, asking price $548,000, advertised at 3.5 times permanent.
2. Reported net income $162,169, implying an approximate 30 percent return on the asking price.
3. Fixed remuneration to manager $126,871 per year, with annual CPI adjustments, providing predictable income.
4. Thirty percent high return highlighted in listing, signalling strong cashflow relative to price.
5. Elegant complex, described as attractive and likely to support premium rental appeal.
6. Good rental market and popular with renters, indicating steady letting income potential.
7. Very supportive body corporate and good existing relationship with BC, reducing operational friction.
8. No requirement to reside onsite, offering flexibility for owner operators or absentee investors.
9. No set office hours required, only need to be contactable during working hours, reducing day‑to‑day time commitment.
10. Prime Cleveland location, quiet and leafy yet within short walking distance to major shopping, medical services, CBD links, schools, transport and the Harbour Precinct.
11. Commute and location advantages, approximately 25 minutes to Garden City Westfield, 35 minutes to South Bank Parkland, and 60 minutes to Surfers Paradise.
12. Business snapshot shows Business Value listed as $0, confirming the sale is for management rights and remuneration streams rather than property ownership.
