Manly West, Queensland
Great Income and and even Better Lifestyle
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: $115,000 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
AI generated. Confirm details with the seller.
1. Net profit reported around $114,000–$118,000 per annum, indicating stable owner earnings.
2. Business price shown as $499,000 in one place and $469,000 in another, implying advertised sale price variance or updates.
3. Reported return on investment figures include 8.9% ROI (based on $499,000) and a stated 24% ROI on the business figure, flagging strong cash returns depending on price basis.
4. Multiplier cited as 4.21x, useful for valuers and purchasers benchmarking the business price to earnings.
5. Accommodation Module agreement in place with approximately 22–23 years remaining, offering long-term contractual security for revenue streams.
6. Complex comprises 42 units, with a letting pool of 10 units plus 3 managed by outside agents, indicating scope to grow the letting pool.
7. Manager’s unit valued at $850,000, three bedrooms, two bathrooms, lock-up garage and dedicated office, offering high-quality on-site accommodation and flexibility to live onsite or offsite.
8. Prime bayside Manly West location, minutes to Manly Boat Harbour, Moreton Bay, parks and cafés, walkable to schools, shops and public transport, supporting consistent rental demand and capital growth.
9. Modern, secure gated complex and low-maintenance operation, suited to first-time buyers, semi-retirees or portfolio operators, and not dependent on living onsite.
10. Long-term agreement and established earnings profile support bank lending and financing for purchasers.
11. Opportunity to add real estate sales income, with most recent sale in the complex around $980,000, indicating potential additional commission revenue.
Management Rights Multiplier: 4.08
ROI Estimate: 8.72%
