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%
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current owners do not sell
ADD REAL ESTATE SALES
9 Sales in Complex in last year
Most recent Sale $799k
Potential Commission $$$$$$
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🌟 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
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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 asking multiplier of 4.0 on verified net profit $194,386 p.a., indicating strong value for buyers.
2. Business price $777,000 plus manager’s residence $699,000, total investment $1,476,000, offering an immediate asset-backed purchase.
3. Reported ROI over 13% (13.2% cited), delivering high yield relative to purchase price.
4. Manager’s residence independently valued up to $750,000, 3 bedrooms and 2 bathrooms, priced below valuation providing instant equity.
5. Remuneration / Body Corporate salary of $161,375, boosting total cashflow to the operator.
6. Long-term stability from a 10-year agreement with 9 years remaining, verified by industry accountant.
7. Complex of 104 units with 20-unit letting pool and 84 owner-occupied units, implying manageable letting workload and stable resident base.
8. Proactive, collaborative body corporate and well-maintained grounds, indicating low operational friction and manageable upkeep.
9. Clear growth opportunity by adding real estate sales, supported by 9 sales in the complex last year and multiple recent $700K+ sales.
10. Bayside Thorneside location, approximately 19 km or 30 minutes from Brisbane CBD, close to boat ramps, waterfront trails, parks, schools and public transport, appealing to families and
Management Rights Multiplier: 4.00
ROI Estimate: 25.02%
