Nerang, Queensland
Substantial Growth Platform – 181 Homes, $350K Salary & 50+ Outside Agents | Resort Brokers ID : MR009269
$3,200,000
Business Description
Riverina delivers a commanding body corporate salary of $350,000 per annum with 23 years remaining on the accommodation module, anchoring this substantial management rights opportunity in a near-new complex of 181 freestanding homes.
The business presents exceptional growth potential with over 50 outside agency appointments ready to capture, offering significant letting income upside for an operator prepared to consolidate the rental portfolio.
The modern three-bedroom, two-bathroom manager's residence features two-car accommodation, along with an office and storage area on title, providing comfortable and functional living without the requirement to reside onsite.
Caretaking duties remain moderate, focusing on contractor supervision for lawn maintenance and oversight of the brand-new community recreational centre featuring pool, gym, meeting rooms and barbecue facilities. Located in Nerang with excellent M1 connectivity and proximity to shops, sporting fields and public transport, this complex serves a strong residential market.
With a business component of $2,200,000 and total asking price of $3,200,000 including the $1,000,000 residence, Riverina suits experienced operators seeking a substantial platform with immediate salary security and considerable blue-sky opportunity.
- Near-new permanent complex of 181 freestanding homes in Nerang, close to M1, shops, sporting fields and public transport.
- Body corporate salary of $350,000 per annum with 23 years remaining on the accommodation module.
- Over 50 outside agency appointments available to capture, representing substantial letting income upside.
- Brand-new community recreational centre with pool, gym, meeting rooms, office and barbecue facilities.
- Modern three-bedroom, two-bathroom, two-car manager's residence with office and storage area on-title.
- Moderate caretaking duties with lawn maintenance and recreational centre supervision, supported by contractors.
- Inspection by appointment only.
Date updated: 01 Nov 2026 23:00:12
Business Summary
Business Snapshot
Price: $3,200,000
Net Profit: $350,050 Remuneration / Body Corp Salary: $350,050
Managers Unit
Value of Managers Apartment: $1,000,000Bedrooms: 3Bathrooms: 2Complex Information
Complex Type: PermanentTotal Units in Complex: 181Owner Occupy Units: 72Outside Agent Units: 55Agreement Term Remaining: 23 years
