Wakerley, Queensland

25-Year Security, $177K Net Profit: Bayside Wakerley Management Rights

$821k MR + $898k Unit = $1.719m

Business Description

Ras360 is proud to present a fully topped-up, entry-level bayside management rights business in one of Brisbane's most sought-after suburbs, Wakerley. Net profit is $177,933, and the agreements have been freshly extended to a full 25 years, running through to 25 November 2050.

Why this one stands out:

- $177,933 net profit, with strong, stable income from day one
- 25-year agreement, fully topped up to November 2050
- Low-maintenance role: nil office hours, one pool and minimal gardens. Chemicals are paid by the body corporate, gardening support is already in place, and all equipment is included
- Freshly presented complex, recently painted, with a full roof restoration completed
- Supportive committee, so a smooth, low-friction complex to step into
- Lifestyle location, minutes to Manly, Wynnum, shopping, schools, parks and the bay

The residence: a spacious 3-bedroom, 2-bathroom, 2-car onsite manager's unit, so you can live where you work.

The complex: made up entirely of 3-bedroom townhouses. That gives a consistent, easy-to-let product that suits both long-term tenants and investors, which translates into a stable, low-churn management portfolio.

The bottom line: a long agreement, high net profit, minimal workload, a supportive committee and a bayside lifestyle location. It is about as close to a set-and-forget management rights business as you will find.

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

Business Summary

Business Snapshot

Price: $821k MR + $898k Unit = $1.719m Net Profit: $177,933 Remuneration / Body Corp Salary: $90,968

Managers Unit

Value of Managers Apartment: $898,800Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 62Total Units in Letting Pool: 21Owner Occupy Units: 38Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Marketing Agent
Kevin Tsai
Kevin Tsai

Key Investment Insights

AI generated. Confirm details with the seller.

1. Reported net profit of $177,933, including body corporate remuneration of $90,968.
2. Management rights agreements freshly extended to 25 November 2050, providing long term contractual security.
3. Low maintenance operation with no office hours, one pool and minimal gardens.
4. Body corporate pays for chemicals, gardening support is already in place, and all equipment is included.
5. Recently painted complex with a completed full roof restoration.
6. Supportive committee provides an operational advantage for the incoming manager.
7. Wakerley location offers convenient access to Manly, Wynnum, shopping, schools, parks and the bay.
8. Spacious onsite manager’s residence includes three bedrooms, two bathrooms and two car spaces.
9. Permanent complex comprises 62 three bedroom townhouses, with 21 units in the letting pool.
10. Advertised combined purchase price of $1.719 million includes management rights and the onsite residence.

Management Rights Multiplier: 4.61
ROI Estimate: 10.35%

Listing location
Gallery

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