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Redcliffe Peninsulaâs Best Buy - circa $333k Net - Attractive 2.95x Multiplier | Resort Brokers ID : MR009112
$2,000,000
Resort / Holiday Management Rights, Redcliffe QLD
This established management rights business in Kippa-Ring comprises 150 townhouses and delivers strong returns, with a net profit of circa $333,000, including rental income from one of the managers residences. The body corporate salary of $230,313 represents approximately 75% of total income. This is further supported by 36 units in the letting pool generating consistent rental income.
There is long tenure remaining on the caretaking and letting agreements, with more than 20 years to run, providing stability and security. The property includes two managers residences, with rental income of approximately $600 per week from one residence, which is included in the overall net operating profit.
With minimal facilities - no swimming pool - small BBQ area. The complex is easy to manage while maintaining returns exceeding 16.5%.
Offered at a highly attractive 2.95x multiplier, this represents compelling value for a business of this scale, income profile and coastal location on the Redcliffe Peninsula.
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Circa $333,000 net profit (including $600 per week rental income from one manager’s residence)
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BC salary of $230,313 (approximately 75% of total income)
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Over 20 years remaining on the caretaking and letting agreements
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150 townhouses
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36 units in the letting pool
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Two manager’s residences (combined value of $1,120,000)
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Minimal facilities with barbecue areas only
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ROI exceeding 16.5%
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Inspections by appointment only.
Date updated: 23 Mar 2026 22:00:02
More Information
- Total Purchase Price: $2,000,000
- Net Income: $ 302,039
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 700,000
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?