Redcliffe, Queensland

Redcliffe Peninsula’s Best Buy - circa $333k Net - Attractive 2.95x Multiplier | Resort Brokers ID : MR009112

$2,000,000

Business Description

This established management rights business in Kippa-Ring comprises 150 townhouses and delivers strong returns, with a net profit of circa $333,000, including rental income from one of the manager’s residences. The body corporate salary of $230,313 represents approximately 75% of total income. This is further supported by 36 units in the letting pool generating consistent rental income.

There is long tenure remaining on the caretaking and letting agreements, with more than 20 years to run, providing stability and security. The property includes two manager’s residences, with rental income of approximately $600 per week from one residence, which is included in the overall net operating profit.

With minimal facilities - no swimming pool - small BBQ area. The complex is easy to manage while maintaining returns exceeding 16.5%.

Offered at a highly attractive 2.95x multiplier, this represents compelling value for a business of this scale, income profile and coastal location on the Redcliffe Peninsula.

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Circa $333,000 net profit (including $600 per week rental income from one manager’s residence)

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BC salary of $230,313 (approximately 75% of total income)

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Over 20 years remaining on the caretaking and letting agreements

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150 townhouses

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36 units in the letting pool

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Two manager’s residences (combined value of $1,120,000)

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Minimal facilities with barbecue areas only

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ROI exceeding 16.5%

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Inspections by appointment only.

Date updated: 11 Oct 2026 23:00:10

Business Summary