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

1. Net profit $171,654, with remuneration/body corporate salary $90,968, indicating clear cashflow for an owner operator.
2. Agreements fully topped up to a 25 year term, remaining to 25 November 2050, providing long term security from day one.
3. Total asking price $1.719m, comprising $821k management rights and $898k managers unit, enabling a combined purchase option.
4. Managers unit valued at $898,800, onsite three bedroom, two bathroom, two car residence, suitable for live in owner operators.
5. Complex of 62 permanent three bedroom townhouses, creating a consistent rental product attractive to long term tenants and investors.
6. Letting pool of 21 units, 38 owner occupied units, and 3 outside agent units, indicating a high proportion of owner occupiers and limited external competition.
7. Low maintenance operational profile, nil office hours, only one pool to maintain and minimal gardens, supporting a relaxed bayside lifestyle.
8. Operational efficiencies supported by body corporate covering pool chemicals, existing gardening support, and included garden equipment.
9. Recent capital works completed, including full roof restoration and fresh painting, reducing near term capital expenditure requirements.
10. Strong location appeal in Wakerley with easy access to Manly, Wynnum, local shopping, schools, parks and everyday amenities, enhancing tenant demand and lifestyle value.

Management Rights Multiplier: 4.78
ROI Estimate: 9.98%