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One of Brisbane's highest growth areas. Great MLR with upside
$1,667MR&$1.23M Unit = Total $2.897M
Permanent Management Rights, KIPPA-RING QLD
Welcome to Fleet Drive Management Rights, an exceptional lifestyle and income opportunity in the sought-after bayside suburb of Kippa-Ring, part of the vibrant Moreton Bay region just north of Brisbane. Comprising 30 Fleet Drive and 54 Fleet Drive, these two adjoining townhouse complexes offer the rare advantage of being run together, yet administered under separate schemes with long-term security of 20 and 23 years remaining on their accommodation module agreements. Together, they deliver a net income of over $308,000
The combined 150 residential lots feature 148 spacious three-bedroom townhouses, two managers residences, and a thriving letting pool of 37 permanent rentals, alongside a mix of owner-occupied and externally managed homes. The main managers townhouse at Lot 1 is a modern four-bedroom, two-bathroom home with a private courtyard, double garage, and an on-title officeperfect for blending work and home life. The secondary unit at Lot 35, a three-bedroom, two-bathroom townhouse with single garage and on-title office, is currently tenanted, adding extra income or offering flexibility for future use.
Life here is relaxed and easy. The gated complexes offer a secure, welcoming community with barbeque areas and visitor parking, while the caretaking workload is light thanks to minimal gardens and no pool facilities. A two-person team can comfortably manage operations while enjoying all that this coastal location has to offer.
With beaches, shopping, schools, and transport close at hand, Fleet Drive Management Rights delivers the perfect balance of lifestyle and income. Managers Unit 1 is priced at $650,000, Managers Unit 2 at $580,000, and the business at $1,667,733.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $1,667MR&$1.23M Unit = Total $2.897M
- Net Income: $ 308,839
(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