Manly West, Queensland
Keep the $118k in your pocket, not into the petrol bowser
Under Contract / Offer
Business Description
Management Rights means there is no daily commute, your work is at your door
Management Rights is being your own boss, setting your own hours
Management Rights is a lifestyle choice
Live and work in Bay side Bliss in Manly
🔹 At a Glance
Net Profit: $118,000 p.a.
Business Price: $499,000
ROI: 8.9%
Multiplier: 4.21x
Total Units in Complex: 42
Units in Letting Pool: 10 (plus 3 with outside agents)
Agreement Type: Accommodation Module
Agreement Term Remaining: 22 years
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Business $469,000 | Net $114,000 | 24% ROI on the Business | 23 Years Remaining
Managers Unit $850,000
A modern and secure gated complex in one of Brisbane’s most in-demand bayside suburbs, Highland Ridge presents an outstanding opportunity to acquire a low-maintenance, Management Rights with strong returns and capital growth potential.
With 22.5 years remaining on the Accommodation Module agreement, this is the perfect setup for first-time buyers, semi-retirees, or portfolio operators seeking reliable income without the need to live onsite.
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current owners do not sell
ADD REAL ESTATE SALES
Most recent Sale in complex $980k
Potential Commission $$$$$$
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🔹 Manager’s Unit
Price: $850,000
3 Bed | 2 Bath | Lock-Up Garage | Dedicated Office
This well-presented and spacious home is located within the secure complex, depending on your preference.
📍 Why Manly West?
Minutes to Manly Boat Harbour, Moreton Bay, parks and cafés
Walk to schools, shops, and public transport
Easy access to the Gateway Motorway and Brisbane CBD
Strong rental demand and solid capital growth
✅ Key Benefits
Clean, low-maintenance operation
Potential to increase letting pool
Prime bay side location with consistent demand
Long-term agreements support bank lending
📞 Contact Joel McCartin today for a detailed Information Memorandum or to arrange a private inspection.
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RAS360 – Management Rights | Motels | Hotels | Pubs | Parks
Your trusted partner in Management Rights success.
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $114,690 Remuneration / Body Corp Salary: $92,291
Managers Unit
Value of Managers Apartment: $850,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 42Total Units in Letting Pool: 10Owner Occupy Units: 29Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
1. Net profit reported around $114k–$118k per annum, providing immediate cashflow.
2. Business price circa $469k–$499k, yielding an ROI approximately 8.9% to 24% depending on which figure is used.
3. Multiplier of 4.21x quoted, indicating pricing relative to net profit.
4. Accommodation Module management agreement in place, long term remaining roughly 22–25 years.
5. Total complex size 42 units, with 10 in the letting pool and 3 managed by outside agents, 29 owner-occupied.
6. Manager’s unit valued at $850k, 3 bed, 2 bath, lock-up garage and dedicated office, available depending on purchaser preference.
7. Secure gated, low-maintenance operation that suits first-time buyers, semi-retirees or portfolio operators.
8. Prime bayside Manly West location near Manly Boat Harbour, Moreton Bay, parks, cafés, schools, shops, public transport and with easy Gateway Motorway access to Brisbane CBD.
9. Strong rental demand and solid capital growth potential cited, supporting long-term income prospects.
10. Long-term agreement structure supports bank lending and financing for buyers.
11. Upside potential to increase the letting pool, providing opportunity to lift recurring revenue.
12. Opportunity to add real estate sales income, with recent complex sale up to $980k and potential commission upside.
Management Rights Multiplier: 4.09
ROI Estimate: 8.70%
