Manly West, Queensland
Profitable Management Rights with $128K Nett Income in a Bayside Gem!
SOLD
Business Description
Unique Management Rights Opportunity in Moreton Bay
Don’t miss the chance to invest in one of Brisbane’s most admired bayside complexes. Moreton Bay Breezes offers the perfect combination of financial security, a relaxed lifestyle, and prime location. With a guaranteed Body Corporate salary paid annually each August, this property ensures stable income and peace of mind.
Business Highlights
Consistent Earnings: Guaranteed Body Corporate salary provides financial reliability.
Letting Pool: Manage 14 units (13 within the complex and 1 in a neighboring complex).
Low-Maintenance Grounds: Spend just a few hours a week maintaining the landscaped gardens.
Amenities: A serene swimming pool area enhances the resident experience.
Manager’s Residence
This spacious three-bedroom villa is thoughtfully designed for modern comfort:
Updated Features: New benchtops and basins in the kitchen and bathrooms.
Generous Storage: Large pantry and plenty of kitchen storage.
Open Living: The living area flows seamlessly onto a covered patio, perfect for entertaining or relaxing.
Comfortable Bedrooms: Three carpeted rooms with built-in robes, two featuring air conditioning.
Flexible Spaces: The air-conditioned double garage can be used as a fourth bedroom, rumpus room, or playroom.
Functional Office: On-title office with internal access for convenience.
Prime Location
Located in a sought-after bayside community, Moreton Bay Breezes offers unparalleled access to key amenities:
Education: Close to private and state schools, including Moreton Bay Boys and Girls Colleges, with childcare facilities nearby.
Healthcare & Shopping: A medical center is just 180m away, with Woolworths and IGA less than 1km from the complex.
Transportation: A train station is 4km away, and bus stops are within walking distance.
Recreation: Enjoy proximity to sporting grounds and the Manly waterfront, just 10 minutes away, offering cafes, restaurants, and RQ Yacht Squadron headquarters.
Why This Opportunity Stands Out
Whether you’re new to the Management Rights industry or transitioning from a larger complex, Moreton Bay Breezes offers a fantastic lifestyle and investment opportunity.
Contact Joint Exclusive Broker Robert Collins at ---------- or ---------- arrange an early inspection. Secure your place in this thriving bayside community today!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $128,345 Remuneration / Body Corp Salary: $96,663
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 3Complex Information
Complex Type: PermanentTotal Units in Complex: 59Total Units in Letting Pool: 13Owner Occupy Units: 43Outside Agent Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 19 years
Key Investment Insights
1. Profitable management rights business, reported net profit $128,345.
2. Substantial guaranteed Body Corporate salary of $96,663 paid annually in August, providing income stability.
3. Letting management covers 14 units, comprising 13 within the complex and one in a neighbouring complex.
4. Managers residence is a spacious three-bedroom, two-bathroom villa with internal on-title office and covered patio.
5. Residence features recent updates to kitchen and bathroom benchtops and basins, plus large pantry and extensive storage.
6. Double garage is air-conditioned and flexible for use as a fourth bedroom, rumpus room, or playroom.
7. Low-maintenance landscaped grounds require only a few hours of upkeep per week, reducing operational burden.
8. On-site resident amenity includes a serene swimming pool, enhancing appeal to tenants and owners.
9. Complex scale 59 units total, with 43 owner-occupiers and 2 outside-agent units, indicating a stable owner-occupier base.
10. Long-term management agreement structure, 25-year original term with 19 years remaining, offering contract continuity.
11. Prime bayside location, close to Moreton Bay Boys and Girls Colleges and childcare, with a medical centre 180 metres away and Woolworths and IGA under 1 kilometre.
12. Strong transport and recreation access, bus stops within walking distance, train station 4 kilometres away, and Manly waterfront with cafes, restaurants and yacht squadron about 10 minutes away.
