Cornubia, Queensland

Secure, Straightforward and Priced to Sell

$1,099,000

Business Description

Positioned within one of Cornubia's most sought after master planned residential communities, this outstanding Management Rights opportunity combines secure income, operational simplicity and an enviable lifestyle. Perfectly located approximately 40 minutes from both Brisbane and the Gold Coast, the complex enjoys strong appeal from long term owner occupiers and permanent residents seeking a peaceful, community focused environment with exceptional convenience.

Ideally suited to first time operators, couples transitioning into the industry, semi retirees or experienced managers looking to simplify, this is a genuine lifestyle business with minimal workload and highly predictable income. Comprising 76 townhouses with a letting pool of just 12, the operation is refreshingly straightforward. Importantly, the onsite manager is not responsible for maintaining the extensive recreational facilities or open parklands throughout the wider estate, significantly reducing day to day operational demands.

Residents enjoy access to an impressive range of lifestyle amenities including a resort style swimming pool, tennis courts, BBQ facilities, function room, playgrounds, landscaped parklands and 24 hour staffed security. The estate also adjoins a picturesque 18 hole golf course, further enhancing its desirability.

The spacious manager's residence comprises 3 bedrooms, 2 bathrooms, an attached office and single garage, with recent upgrades including new air conditioning and ceiling fans throughout.

Financially, the business is underpinned by a substantial Body Corporate remuneration of $111k per annum, representing approximately 87% of the total net profit of $128k. This provides an exceptionally secure income stream that is highly attractive to both purchasers and financiers. With no prescribed office hours, managers also enjoy outstanding flexibility and work life balance.

Offered with a competitively priced manager's residence of $700k and a business priced at an attractive 3.2 times multiplier, this opportunity represents exceptional value in the current market. The vendors are committed to achieving a sale and have positioned the business accordingly, creating an outstanding opportunity for astute buyers seeking a quality, low maintenance Management Rights business with genuine upside and motivated sellers.

Business Summary

Business Snapshot

Price: $1,099,000 Net Profit: $127,734 Remuneration / Body Corp Salary: $110,925

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 3Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 76Total Units in Letting Pool: 12Owner Occupy Units: 52Outside Agent Units: 12Agreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Greg Litzner

0499 00....

Nathan Eades

0448 33....

Ras360

Key Investment Insights

1. Positioned in a sought after Cornubia masterplanned community, approximately 40 minutes from both Brisbane and the Gold Coast, enhancing regional buyer appeal.
2. Business listed at $1,099,000, net profit $127,734, offered at an attractive 3.2 times multiplier.
3. Substantial Body Corporate remuneration of $110,925 per annum, comprising roughly 87% of net profit, delivering an exceptionally secure income stream.
4. Manager's residence offered separately at $700,000, three bedrooms, two bathrooms, attached office and single garage, recent upgrades include new air conditioning and ceiling fans.
5. Low operational complexity, 76 townhouses in the complex with a letting pool of just 12, making daily management straightforward and predictable.
6. Manager not responsible for maintaining extensive recreational facilities or wider estate parklands, significantly reducing day to day workload.
7. Estate amenities include resort style pool, tennis courts, BBQ facilities, function room, playgrounds, landscaped parklands and 24 hour staffed security, strengthening resident retention.
8. Complex adjoins a picturesque 18 hole golf course, adding lifestyle appeal and premium marketability.
9. Strong owner‑occupier bias with 52 owner‑occupied units and 12 outside agent units, supporting long term stable community and low turnover.
10. Agreement term 25 years with 19 years remaining, providing long dated operational security for a purchaser.
11. No prescribed office hours and minimal workload, suited to first time operators, couples transitioning, semi retirees or managers seeking lifestyle balance.
12. Vendors motivated to sell, pricing and presentation positioned to deliver value and potential upside for astute buyers.

Management Rights Multiplier: 3.12
ROI Estimate: 11.62%