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High-Performing Management Rights Business with still more Growth Potential
$777K MR$699K Unit = $1.476M
Permanent Management Rights, THORNESIDE QLD
Net Profit: $194,386 p.a. (verified by an industry-recognised accountant)
Managers Residence: $699,000 (Instant Equity - independently valued between $720,000 $750,000 and supported by recent comparable sales)
Management Rights Sale Price: $777,000 (4.0x multiplier)
TOTAL PRICE: $1,476,000
ROI over 13%
A Rare Opportunity in the Thriving Redlands Bayside
Nestled in the picturesque suburb of Thorneside, Bayside Central is a well-established, high-demand residential complex offering a lucrative management rights business with exceptional lifestyle benefits and untapped revenue potential.
Whether you're looking for a stable, profitable income with a strong Body Corporate salary or the opportunity to expand into real estate sales, this business has everything you need to succeed.
Key Business Highlights
Stable & Predictable Income:
20 units in the letting pool within a 104-unit complex
9 years remaining on agreements (recently topped up for the second time under current ownership)
Supportive Body Corporate ensuring business stability
Growth Potential:
The current MR operator does not sell real estate, providing an excellent opportunity to develop a highly profitable sales business.
12 property sales in 2024 alone, with unit recent prices exceeding $700,000, demonstrating strong demand and opportunity for the right operator.Real Estate standard commission is 2.5%!!!!!
Resort-Style Complex:
Recently refurbished lagoon pool
Summer house for residents' entertainment
Tennis court & children's playground
Immediate Equity in Managers Residence:
Priced at $699,000, but independently valued at $720,000$750,000
Spacious 3-bedroom, 2-bathroom home with a secure car space
Why Choose Bayside Central?
Bayside Living with City Convenience
Thorneside is a hidden gem in the Redlands Coast, just 19 km from Brisbane CBD. It offers:
Coastal lifestyle & waterfront access perfect for outdoor lovers
Top-rated schools & family-friendly community
Thriving rental market & strong demand for property sales
Ideal for Entrepreneurs & Semi-Retirees
Enjoy a substantial salary while avoiding the limitations of retiree income
Expand into real estate sales and unlock significant additional earnings
Minimal maintenance & a flexible workload for a great work-life balance
An Exceptional Investment Awaits!
Bayside Central presents an outstanding financial opportunity in one of Brisbanes most sought-after coastal suburbs.
High net profit Lifestyle benefits Untapped revenue potential
Dont miss out! Contact us today to learn more or schedule an inspection.
Ras360 The Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $777K MR$699K Unit = $1.476M
- Net Income: $ 194,386
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 699,000
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?