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Business Only Management Rights in Cleveland
$650k Business Only
Permanent Management Rights, CLEVELAND QLD
This is a rare chance to secure the business-only management rights to Island Park Gardens, a well-established townhouse community in Cleveland. With 75 townhouses in the complex, 18 in the letting pool, and a further 10 external properties under management, this business offers both scale and diversity of income.
The streamlined operation is highly efficient, with the caretaking workload well matched to the generous Body Corporate salary. The numbers tell the story:
Net Profit: $162,000+ (accountant verified)
Asking Price: $650,000 (4.0x multiple)
ROI: approx. 25%
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current owner does not sell
ADD REAL ESTATE SALES
7 Sales in last 12 months
Average Price $750,000
Potential Commission $100k plus
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The agreements have just been topped up to 10 years, and with the managers unit now decoupled, this is a pure business-only opportunity. The move was strongly supported by the Body Corporate committee ensuring long-term stability and alignment with the incoming manager.
With all major operational equipment owned by the Body Corporate, overheads are kept to a minimum. This makes Island Park Gardens an excellent option for either an experienced operator seeking a low-maintenance business or a first-time buyer looking for security and strong returns.
Cleveland itself is a thriving bayside location, prized for its lifestyle, amenities, and easy access to Brisbane. Opportunities of this calibre in the Redlands are tightly held and rarely offered to market.
Key Highlights
Business only no unit purchase required
Recently topped up to 10 years
Fully supportive committee
Generous Body Corporate salary with manageable workload
Nett Profit: $162k
Asking Price: $650k (4.0x multiple)
Island Park Gardens represents an outstanding blend of lifestyle and income. With long agreements, minimal overheads, and excellent returns, this is a standout business in todays market.
** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
*The accountant-prepared Profit & Loss Statement shows a net profit of $162,169 for the business, including income from external letting income. The net profit for the complex has been priced at a 4.25x multiplier, and the external letting income has been priced separately at a 2.5x multiplier. This gives a total business price equal to a blended multiple of 4.0x net profit. All offers should be submitted on the basis of this calculation, with the understanding that the external letting income has already been taken into account when setting the listing price.
More Information
- Total Purchase Price: $650k Business Only
- Net Income: $ 162,169
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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