Thorneside, Queensland
Low Multiplier of 4 on Great Nett Profit $194k
Don't Miss Out, Get in Touch
Business Description
🔑 Bayside Central, Thorneside – Massive 13.2% ROI
💼 Business Overview
Net Profit: $194,386 p.a. (Verified by industry accountant)
Business Price: $777,000 (4.0× multiplier)
Manager’s Residence: $699,000 (Independently valued up to $750K)
Total Investment: $1,476,000
ROI: Over 13%
🌟 Why Bayside Central?
Positioned in a peaceful bayside enclave just 19km from the Brisbane CBD, this modern, low-maintenance complex offers consistent income, lifestyle flexibility, and scope to grow. With long-standing agreements, a supportive committee, and a proven financial track record, this is a business that’s ready to perform from day one.
📊 Business Snapshot
Complex Size: 104 units
Letting Pool: 20 units
Agreements: 9 years remaining – topped up twice under current ownership
Committee: Collaborative and proactive Body Corporate
Grounds: Well-maintained with manageable workload
🚀 Growth Opportunity – Unlock Untapped Income
While the current manager focuses solely on caretaking and letting, the real estate sales potential is enormous. In 2024 alone, 12 properties within the complex have sold for $700,000+, presenting a golden opportunity to capture additional six-figure income through internal sales.
Add a real estate sales and transform a high-performing business into a powerful income-generating asset.
🏠 Manager’s Residence – Value-Backed & Move-In Ready
3 Bedrooms | 2 Bathrooms | Secure Car Space
Quiet corner position with modern finishes throughout
Spacious, private, and well-appointed
Priced well below valuation = Instant equity for the buyer
🌊 Thorneside – Bayside Living with City Access
Just 30 minutes from Brisbane’s CBD
Minutes to boat ramps, waterfront trails, parks, and cafes
Close to schools, public transport, and local shops
Family-friendly, highly sought-after suburb
Popular with professionals, downsizers, and lifestyle buyers
✅ Who This Opportunity Suits
Buyers seeking high, stable income from day one
Operators ready to capitalise on sales commissions
Semi-retirees wanting a hands-on, low-overhead business
First-time buyers chasing lifestyle with long-term upside
📞 Contact Joel McCartin for your Information Memorandum or to arrange a private inspection:
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RAS360 – Management Rights | Motels | Hotels | Pubs | Parks
Your trusted partner in management rights success.
Business Summary
Business Snapshot
Price: Don't Miss Out, Get in Touch
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. Low multiplier of 4 on a great net profit of $194,386, making this a highly profitable investment opportunity.
2. Located in the peaceful and sought-after bayside suburb of Thorneside, just 19km from Brisbane CBD.
3. Modern, low-maintenance complex with a manageable workload and long-standing agreements.
4. Collaborative and proactive Body Corporate, providing a supportive environment for the manager.
5. Huge potential for growth through real estate sales, with 12 properties in the complex selling for $700,000+ in 2024 alone.
6. Manager's residence is value-backed and move-in ready, with 3 bedrooms, 2 bathrooms, and a secure car space.
7. Thorneside offers a family-friendly lifestyle with easy access to boat ramps, waterfront trails, parks, and cafes.
8. Ideal for buyers seeking high, stable income from day one, or operators ready to capitalize on sales commissions.
9. Perfect for semi-retirees looking for a hands-on, low-overhead business, or first-time buyers seeking long-term upside.
10. Contact Joel McCartin for an Information Memorandum or to arrange a private inspection.
Management Rights Multiplier: 4.00
ROI Estimate: 25.02%
