Wakerley, Queensland

Reduced to Sell: 23-Year Wakerley MLR, Motivated Vendor, Below Market

$762K MR & $990k Unit = Total $1.75M

Business Description

Ras360 presents a reduced Wakerley management rights business, freshly topped up and ready for a new operator to step straight in. The price is set below market expectations for a quick, decisive sale.

Why this is priced to move:

- Reduced price. The vendors are motivated after six successful years and are relocating for their children's schooling
- 23 years remaining on the Accommodation Module, with agreements just topped up and enthusiastic body corporate support
- A proven, harmonious committee relationship, a supportive environment to walk into
- Bayside lifestyle location, minutes to Moreton Bay, Manly Harbour Village and parklands
- Elite school catchment, which keeps rental demand consistently strong
- No set office hours, with low-maintenance pool and BBQ facilities
- Nominee or offsite option available, so you can appoint a manager and live offsite if you prefer

The complex: a well-presented, 57-unit complex built in 2007. It offers a bayside lifestyle for residents and an easy, low-fuss caretaking role for the manager.

The bottom line: six years of proven goodwill, 23 years of agreement security, a supportive committee and a motivated vendor ready to deal. This is a chance to secure a bayside management rights business at a genuine below-market price.

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

Business Summary

Business Snapshot

Price: $762K MR & $990k Unit = Total $1.75M Net Profit: $166,540 Remuneration / Body Corp Salary: $92,525

Managers Unit

Value of Managers Apartment: $990,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 57Total Units in Letting Pool: 12Owner Occupy Units: 39Outside Agent Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 23 years

Marketing Agent

Robert Collins

0404 67....

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reduced asking price of approximately $1.75 million includes management rights and the manager’s apartment, with vendors motivated by relocation.
2. Reported net profit of $166,540 includes body corporate remuneration of $92,525.
3. Recently extended Accommodation Module agreements provide 23 years remaining.
4. Supportive body corporate and harmonious committee relationship offer continuity for an incoming operator.
5. No set office hours and a nominee or offsite option provide operational flexibility.
6. Low maintenance pool and BBQ facilities support straightforward caretaking.
7. Well presented permanent complex comprises 57 units, with 12 in the letting pool.
8. Wakerley location offers proximity to Moreton Bay, Manly Harbour Village and parklands.
9. Elite school catchment supports consistently strong rental demand.
10. Manager’s apartment includes three bedrooms, two bathrooms and two car spaces, valued at $990,000.
11. Vendors have operated the business for six years, establishing proven goodwill.

Management Rights Multiplier: 4.58
ROI Estimate: 9.50%