Wakerley, Queensland

Lifestyle Bayside MLR with 25-Year Peace of Mind

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

Business Description

Ras360 is pleased to present a rare fully topped up entry-level bayside management rights opportunity in the highly sought-after bayside suburb of Wakerley. Offering a net profit of $171,654 and agreements recently topped up to a full 25 years, this is an ideal business for incoming managers seeking long-term security, stable income and a relaxed lifestyle operation.

The location provides excellent lifestyle appeal, with easy access to Manly, Wynnum, local shopping, schools, parks and everyday amenities. The complex consists entirely of three-bedroom townhouses, creating a consistent and attractive rental product for long-term tenants and investors.

The manager’s residence is a comfortable three-bedroom, two-bathroom, two-car onsite unit, offering practical living within a quiet and well-maintained townhouse community. It provides the perfect setup for an owner-operator wanting the convenience of living onsite while enjoying a manageable day-to-day workload.

The key attraction is the security. The agreements have recently been fully topped up to 25 years, with the remaining term running through to 25 November 2050, giving incoming managers full peace of mind from day one. The committee is very supportive, making this a smooth and appealing business to step into.

The caretaking workload is simple and low-maintenance, with nil office hours, only one pool to maintain and minimal gardens. Pool chemicals are paid by the body corporate, gardening support is already in place, and all garden equipment is included. The complex has also recently been painted and has undergone a full roof restoration.

With long agreements, a supportive committee, high net profit and an easy bayside lifestyle workload, this is a highly attractive Wakerley management rights opportunity for buyers seeking security, simplicity and stable income.

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

Business Summary

Business Snapshot

Price: $821k MR + $898k Unit = $1.719m Net Profit: $171,654 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

0403 44....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Recently topped up 25-year agreements, remaining term through to 25 November 2050, providing long-term contractual security for incoming managers.
2. Net profit of $171,654, with remuneration/body corporate salary reported at $90,968, indicating a solid income stream.
3. Asking price split $821,000 for management rights plus $898,800 for the managers unit, total $1.719 million.
4. Managers unit is onsite three-bedroom, two-bathroom, two-car accommodation, enabling convenient owner-operator living.
5. Low-maintenance caretaking workload, nil office hours, only one pool to maintain and minimal gardens.
6. Pool chemicals are paid by the body corporate, reducing operational expenses and hands-on tasks.
7. Gardening support already in place and all garden equipment included, lowering start-up operational effort and cost.
8. Complex recently painted and underwent a full roof restoration, signalling reduced near-term capital expenditure.
9. Complex composition of 62 townhouses, all three-bedroom units, creating a consistent rental product for long-term tenants and investors.
10. Letting pool comprises 21 units, with 38 owner-occupied units and 3 managed by outside agents, indicating a stable owner-occupier profile.
11. Bayside Wakerley location offers lifestyle appeal with easy access to Manly, Wynnum, local shopping, schools, parks and everyday amenities.
12. Supportive committee noted, facilitating a smooth transition and ongoing operational relationships.

Management Rights Multiplier: 4.78
ROI Estimate: 9.98%