Miami, Queensland

Straight Caretaking Business with Freehold Office and Huge Growth Potential. $950K

SOLD

Business Description

This is a rare opportunity to secure a caretaking-only management rights business in a highly desirable coastal location, just moments from the beach and surrounded by cafés and local amenity. With 22 years remaining on the agreements and a supportive Body Corporate committee, this business is set up for ease, lifestyle, and future upside.

The net income is approximately $142,000 per annum, derived solely from the Body Corporate salary. There is no letting component, no requirement to reside onsite, and no office hours to maintain. All caretaking duties are handled by a single person in roughly 15 hours per week, making it a perfect business for first-time operators, semi-retirees, or those seeking a simple bolt-on.

Included in the sale is a freehold 17m² office, valued at approximately $80,000, currently leased under market rate of about $1,300 per month. The tenant is happy to stay or vacate, giving buyers the option of passive income or an operational base.
The complex consists of 76 residential units with a single facility—a rooftop pool. The existing manager enjoys a strong relationship with the committee, adding further appeal and stability to the operation. Additional, informal income is received for bin duties, which could be formalised for future growth.
With its light workload, stable income, and excellent upside through potential letting, this opportunity is ideally positioned for lifestyle buyers or those looking to expand their portfolio with minimal input and maximum flexibility.

For further information or to arrange an inspection, contact Syd Douglas today.

Ras360 – Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: SOLD Remuneration / Body Corp Salary: $0

Complex Information

Complex Type: PermanentTotal Units in Complex: 76Owner Occupy Units: 50Outside Agent Units: 26Agreement Term: 25 yearsAgreement Term Remaining: 22 years

Marketing Agent

Syd Douglas

0427973....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Caretaking-only management rights, no letting component, simplifies operations and regulatory complexity.
2. Net income approximately $142,000 per annum derived solely from the Body Corporate salary, providing stable cashflow.
3. Agreement security with 22 years remaining on a 25-year term, ensuring long-term revenue visibility.
4. Extremely low workload, single person handles duties in roughly 15 hours per week, enabling part‑time operation or outsourcing.
5. No requirement to reside onsite and no office hours to maintain, offering lifestyle flexibility for owners.
6. Freehold 17m2 office included, valued at about $80,000, currently leased at approximately $1,300 per month under market rate, allowing passive income or operational base.
7. Complex size of 76 residential units with a single rooftop pool amenity, indicating straightforward caretaking responsibilities.
8. Strong, supportive Body Corporate committee and existing manager relationship, reducing transition risk and improving operational stability.
9. Informal bin duties currently generate additional income, with potential to formalise for future upside.
10. Highly desirable coastal location, moments from the beach and surrounded by cafés and local amenity, enhancing attractiveness to buyers and long-term tenant/resident appeal.