84 Toolooa Street, South Gladstone, Queensland
Price Reduced to sell. High Yield Management Rights 34% Return, Accommodation Module, Coastal Lifestyle
$401K MR + $495K Unit = $895k Total
Business Description
Price dropped. Motivated vendor. Enjoy the perfect balance of income and lifestyle with this well-positioned Management Rights business, ideally located close to the township, harbour, and surrounding islands.
The business delivers a strong verified net profit of $134,545, complemented by a Body Corporate salary of $58,200 inc GST per annum, indexed to CPI. With a 2.9x multiplier, this represents an exceptional return of over 34% on the management rights and a solid 15% return on the total investment. The Park also has a very large 39.6kw solar system ensuring low energy consumption.
There is also significant upside, with six new cabins soon to be commissioned, providing further income growth. In addition, a self-contained one-bedroom apartment generates $590 per week, along with other park-related revenue streams, none of which are currently included in the reported net profit.
The total package of $895k includes a fully renovated, modern manager’s residence offering spacious living, along with a separate self-contained one-bedroom furnished apartment, ideal for additional income or guest accommodation.
This easy, part-time operation is perfectly suited to a couple and is supported by a friendly and cooperative Body Corporate. With 21 years remaining on the accommodation module agreement, the business offers long-term security and peace of mind.
Positioned close to the town centre, harbour, local rivers, and surrounding islands, the location provides a relaxed coastal lifestyle in a desirable sub-tropical climate, with strong potential to further increase net profit.
This is a rare opportunity to secure a high-performing management rights business combining excellent returns, future growth, and an enviable lifestyle.
Ras360 – Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $401K MR + $495K Unit = $895k Total
Remuneration / Body Corp Salary: $0
Managers Unit
Bedrooms: 3Bathrooms: 2Car Spaces: 6Complex Information
Complex Type: PermanentTotal Units in Complex: 43Total Units in Letting Pool: 37Lockup Units: 6Agreement Term: 21 yearsAgreement Term Remaining: 21 years
Key Investment Insights
1. Price reduced and vendor motivated, offering potential for a quick sale.
2. High verified net profit of $134,545 per annum, plus a Body Corporate salary of $58,200 inc GST per annum, indexed to CPI.
3. 2.9 times multiplier, delivering over 34% return on the management rights and approximately 15% return on the total investment.
4. Total asking price $895,000, structured as $401K for management rights and $495K for the unit.
5. Significant upside from six new cabins soon to be commissioned, providing near‑term income growth.
6. Additional income from a self‑contained one bedroom apartment currently generating $590 per week, and other park revenue streams not included in reported net profit.
7. Large 39.6 kW solar system across the park, contributing to low energy costs and operating efficiencies.
8. Long term security with an accommodation module agreement of 21 years remaining.
9. Operation described as easy and part time, well suited to a couple, reducing staffing complexity and overheads.
10. Fully renovated modern manager’s residence with three bedrooms, two bathrooms and six car spaces, plus a separate furnished one bedroom apartment included in the sale.
11. Complex profile: permanent park with 43 total units, 37 units in the letting pool and six lockup units, indicating scale and established letting income.
12. Prime coastal location close to township, harbour, local rivers and surrounding islands, offering lifestyle appeal and tourist demand in a sub tropical climate.
