UNBEATABLE BAYSIDE MR: $292K+NP, FULL 25-YEARS&NO REQUIREMENT TO LIVE ONSITE | Resort Brokers ID : MR008887

$2,450,000

Permanent Management Rights, Wynnum North QLD

This well-established management rights business in Wynnum North generates an annual net profit exceeding $292,340k, supported by a very stable letting pool of 53 of the schemes 85 modern townhouses.

With a prime bayside location and modern complex, built in 2015, the letting component of the business is underpinned by consistently strong tenant demand.

A major standout is the managers apartment a highly appealing, spacious 3-bed, 2-bath residence which the operator is free to live in or add to the letting pool for extra income.

Caretaking duties are straightforward and easily managed by one person, and with no set office hours the incoming manager has full flexibility in how they conduct the caretaking duties and letting operations.

Recently topped-upAccommodation Module agreements to the maximum 25 years demonstrates strong support from the body corporate and provide excellent security of tenure.

Dont miss this opportunity to secure a high-performing management rights business in a prized bayside location.

Contact Jeff today to book an inspection!

- $292K+ Net Profit + extra income derived from Managers Unit
- Agreements extended to full 25-year term with supportive body corporate
- Operational flexibility— no office hours or requrement to live onsite
- Stable letting pool ensures strong, ongoing rental demand
- Straightforward caretaking duties easly managed by one person
- Spacious 3-bed, 2-bath manager's unit with double garage and attached office/multi-purpose room for seamless operation
- Extra income potential by renting out manager’s residence
- Prime bayside location near waterfront, private schools, employment/transport hubs
- Inspections by appointment only
Date updated: 23 Sep 2025 23:00:01

More Information

Financial Overview

Total Purchase Price: $2,450,000
Net Income: $ 292,340 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 850,000
_{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.}

Letting Business

Letting Pool: 54
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 27
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 85
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 125,312
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: nil
_{Required Office Hours}

Complex Features: There is an excellent pool area and large room for private functions Built in 2015. Close to Wynnum wading pool and water park, Wynnum Golf Club and Wynnum Mangrove Boardwalk to name a few fun family activities. Close to several schools and Wynnum Hospital. Just seven kilometres from the Gateway Motorway with freeway access to Brisbaneâs northern suburbs, Domestic and International airports, Sunshine Coast, Brisbaneâs southern suburbs and Gold Coast. Three commuter train stations with two only a short walk from Wynnum Views.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: spacious 3 bed, 2 bath with double lock up garage, large entertaining area, no requirement to live onsite. It has excellent facilites including a large pool, community hall and amenities block. Office & multi purpose room attached to Managers Residence