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BAYSIDEâS BEST BUY â LARGE LOWSET HOME&BUSINESS OFFERED AT 2X MULTPLIER | Resort Brokers ID : MR008964
$1,180,000
Permanent Management Rights, Ormiston QLD
ResortBrokers is proud to present this well-established management rights opportunity in Ormiston. The sellers circumstances have changed, creating a genuine opportunity to secure a high-quality business and residence that is keenly priced at a level to attract immediate interest from qualified buyers.
The business is underpinned by a strong body corporate salary exceeding $137,000, accounting for approximately 95% of total income, and is being offered at an attractive 2x multiplier representing incredible value.
The caretaking and letting agreements have recently been fully topped up to the full 10-year standard module term, providing long-term security and confidence for an incoming operator.
Included is a rare, low-set, freestanding three-bedroom managers residence with office, offered at $900,000. By comparison, the median house price in Ormiston is approximately $1,340,000 (source: realestate.com.au) highlighting the value on offer for a comparable freestanding home in this tightlyheld bayside suburb.
With a manageable workload, supportive committee, and excellent top-up history, this opportunity will appeal to both first-time buyers and experienced operators seeking a secure income stream, a quality family home, and a relaxed bayside lifestyle.
The price has been reset andis firmly positioned to attract immediate interest. Don't miss this exceptional opportunity.
Contact Jeff to arrange your inspection today!
Managers residence $900,000
Business $280,000 (2x multiplier).
Total price $1,180,000. Price is firm.
- Rare low-set, freestanding 3-bedroom manager’s residence with office
- Body corporate salary exceeding $137,000, representing around 95% of income
- Fully topped-up 10-year caretaking and letting agreements
- Offered at an attractive 2x multiplier
- Supportive committee with strong historical top-up record
- Easily run business with only 6 units in the letting pool with room to grow
- Resort-style grounds with central swimming pool, water feature and landscaped gardens
- Only three minutes to Ormiston train station
- 1km to Ormiston College, 2km to Cleveland and Raby Bay
- Bayside lifestyle with easy city access, 5 minutes to Stradbroke island ferry
- Inspections by appointment only
Contact Jeff today to make an inspection Date updated: 09 Feb 2026 22:00:02
More Information
- Total Purchase Price: $1,180,000
- Net Income: $ 138,191
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 900,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?