Tingalpa, Queensland

Brand new 25 Year Agreements with $2,830 Per Lot Salary, Among Brisbane’s Highest

SOLD

Business Description

Located in Tingalpa, this management rights business combines lifestyle, stability, and long-term security. The position offers quick access to the Gateway Motorway, Brisbane CBD, Airport, Port of Brisbane, and bayside suburbs like Wynnum and Manly, plus nearby Westfield Carindale, schools, and shops.

The business benefits from brand-new 25-year accommodation module agreements, recently topped up with strong committee support — providing long-term certainty for the incoming manager.

Income is outstanding, with a Body Corporate salary of $113,185, equating to an incredible $2,830 per lot – among the very highest in Brisbane. This ensures dependable returns not reliant on letting. Of 40 units, 10 are in the letting pool, but the business is heavily salary-weighted. A verified net profit of $123,000+ (plus manager’s unit rental) and a sinking fund above $250,000 further underpin the strength of the business.

Operations are straightforward, with the current manager only working three days a week and all gardening handled by contractors. The manager’s unit is a well-kept 2-bedroom, 1-bathroom residence, currently rented to the same long-term tenant for over 10 years. This provides steady passive rental income and highlights the flexibility of not needing to live onsite.

At $1,300,000 (business + manager’s unit), this is a rare opportunity delivering secure high salary income, proven rental flexibility, and lifestyle freedom in one of Brisbane’s most convenient locations.

**Ras360 – Specialists in Motels | Hotels | Pubs | Parks | Management Rights **

Business Summary

Business Snapshot

Price: SOLD Net Profit: $127,277 Remuneration / Body Corp Salary: $113,185

Managers Unit

Value of Managers Apartment: $700,000Bedrooms: 2Bathrooms: 1Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 40Total Units in Letting Pool: 10Owner Occupy Units: 29Outside Agent Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Brand-new 25-year accommodation module agreements with 25 years remaining, recently topped up with strong committee support, providing long-term certainty.
2. Exceptional Body Corporate salary of $113,185, equating to $2,830 per lot, noted as among the highest in Brisbane.
3. Verified net profit above $123,000, business snapshot showing $127,277, indicating strong profitability.
4. Sinking fund in excess of $250,000, supporting capital works and financial resilience.
5. Compact 40-unit complex with only 10 units in the letting pool, 29 owner-occupied units and one outside-agent unit, meaning income is heavily salary-weighted and not reliant on rentals.
6. Current manager works only three days per week and all gardening is contractor-managed, indicating low operational workload and easy transition.
7. Manager’s unit is a well-kept 2-bedroom, 1-bathroom apartment valued at $700,000 with two car spaces, currently rented to the same long-term tenant for over 10 years, providing steady passive rental income and flexibility not to live onsite.
8. Prime Tingalpa location with quick access to the Gateway Motorway, Brisbane CBD, Airport, Port of Brisbane, Wynnum and Manly, plus proximity to Westfield Carindale, schools and shops, enhancing tenant appeal and convenience.
9. Sale packaged at $1,300,000 for the business plus manager’s unit, offering combined income and asset ownership in a single transaction.
10. Income structure delivers dependable returns through high salary rather than reliance on the letting pool, reducing exposure to vacancy and rental market fluctuations.

Management Rights Multiplier: 4.71
ROI Estimate: 9.79%