Thorneside, Queensland
High-Performing Management Rights Business with still more Growth Potential
$777K MR & $699K Unit = $1.476M
Business Description
💰 Net Profit: $194,386 p.a. (verified by an industry-recognised accountant)
🏡 Manager’s Residence: $699,000 (Instant Equity - independently valued between $720,000 – $750,000 and supported by recent comparable sales)
📈 Management Rights Sale Price: $777,000 (4.0x multiplier)
🔹 TOTAL PRICE: $1,476,000
🔹 ROI over 13%
A Rare Opportunity in the Thriving Redlands Bayside
Nestled in the picturesque suburb of Thorneside, Bayside Central is a well-established, high-demand residential complex offering a lucrative management rights business with exceptional lifestyle benefits and untapped revenue potential.
Whether you're looking for a stable, profitable income with a strong Body Corporate salary or the opportunity to expand into real estate sales, this business has everything you need to succeed.
Key Business Highlights
✅ Stable & Predictable Income:
• 20 units in the letting pool within a 104-unit complex
• 9 years remaining on agreements (recently topped up for the second time under current ownership)
• Supportive Body Corporate ensuring business stability
✅ Growth Potential:
• The current MR operator does not sell real estate, providing an excellent opportunity to develop a highly profitable sales business.
• 12 property sales in 2024 alone, with unit recent prices exceeding $700,000, demonstrating strong demand and opportunity for the right operator….Real Estate standard commission is 2.5%...........Wow!!!!!
✅ Resort-Style Complex:
• Recently refurbished lagoon pool
• Summer house for residents' entertainment
• Tennis court & children's playground
✅ Immediate Equity in Manager’s Residence:
• Priced at $699,000, but independently valued at $720,000–$750,000
• Spacious 3-bedroom, 2-bathroom home with a secure car space
Why Choose Bayside Central?
🌊 Bayside Living with City Convenience
Thorneside is a hidden gem in the Redlands Coast, just 19 km from Brisbane CBD. It offers:
• Coastal lifestyle & waterfront access – perfect for outdoor lovers
• Top-rated schools & family-friendly community
• Thriving rental market & strong demand for property sales
💼 Ideal for Entrepreneurs & Semi-Retirees
• Enjoy a substantial salary while avoiding the limitations of retiree income
• Expand into real estate sales and unlock significant additional earnings
• Minimal maintenance & a flexible workload for a great work-life balance
📢 An Exceptional Investment Awaits!
Bayside Central presents an outstanding financial opportunity in one of Brisbane’s most sought-after coastal suburbs.
🔹 High net profit 🔹 Lifestyle benefits 🔹 Untapped revenue potential
📞 Don’t miss out! Contact us today to learn more or schedule an inspection.
Ras360 – The Specialists in Management Rights | Motels | Hotels | Pubs | Parks
Business Summary
Business Snapshot
Price: $777K MR & $699K Unit = $1.476M
Net Profit: $194,386 Remuneration / Body Corp Salary: $161,375
Managers Unit
Value of Managers Apartment: $699,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 104Total Units in Letting Pool: 20Owner Occupy Units: 84Agreement Term: 10 yearsAgreement Term Remaining: 9 years
Key Investment Insights
1. The business is a high-performing management rights business with a net profit of $194,386 p.a., verified by an industry-recognised accountant.
2. The manager's residence is priced at $699,000 and has been independently valued between $720,000 - $750,000, providing instant equity for the buyer.
3. The management rights sale price is $777,000, with a 4.0x multiplier, bringing the total price to $1,476,000.
4. The ROI for this business is over 13%, making it a highly profitable investment opportunity.
5. The business is located in the thriving Redlands Bayside area, offering a picturesque and high-demand residential complex.
6. The complex has 20 units in the letting pool within a 104-unit complex, with 9 years remaining on agreements and a supportive Body Corporate ensuring business stability.
7. There is still more growth potential for the business, as the current operator does not sell real estate, providing an opportunity to develop a highly profitable sales business.
8. The complex offers resort-style amenities, including a recently refurbished lagoon pool, summer house for residents' entertainment, tennis court, and children's playground.
9. The manager's residence is a spacious 3-bedroom, 2-bathroom home with a secure car space, priced at $699,000 but independently valued at $720,000 - $750,000.
10. The business is located in Thorneside, a hidden gem in the Redlands Coast, just 19 km from Brisbane CBD, offering a coastal lifestyle, top-rated schools, and a thriving rental market.
11. This business is ideal for entrepreneurs and semi-retirees, offering a substantial salary, the opportunity to expand into real estate sales, and a flexible workload for a great work-life balance.
12. Bayside Central presents an outstanding financial opportunity with high net profit, lifestyle benefits, and untapped revenue potential in
Management Rights Multiplier: 4.00
ROI Estimate: 25.02%
