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Stable Returns in Manly West : $118K Nett Profit, 23-Year Term
$1.319M : MR $499k plus Unit $820k
Permanent Management Rights, MANLY WEST QLD
Modern Manly West Management Rights with 10.4% ROI & Strong Nett Profit
Just $499K for Business | 23 Years Remaining | Low Maintenance
Business Snapshot
Net Profit: $118,000 p.a.
Business Price: $499,000 (4.21x Multiplier)
Managers Residence: $820,000 3 Bed | 2 Bath | Lock-Up Garage | Dedicated Office
Total Units in Complex: 42
Units in Letting Pool: 11 (Plus 3 currently with outside agents)
Agreement Term: 23 years remaining (Accommodation Module)
ROI: 10.4%
Why Highland Ridge?
Located in the peaceful and family-friendly suburb of Manly West, Highland Ridge is a well-maintained gated complex offering exceptional lifestyle and income potential. With low-maintenance operations, a secure letting pool, and a prime bayside location, this business is perfectly suited for first-time buyers, semi-retirees or as a profitable add-on to an existing portfolio.
Managers Residence Live or Lease
This spacious and contemporary home provides the ideal base for a balanced lifestyle:
Three bedrooms, two bathrooms, ducted air, open-plan living
Lock-up garage and a designated office space
Situated in a secure complex with pool and BBQ area
Live comfortably onsite or rent the home for additional income
Manly West The Location Buyers Want
Only minutes to Manly Boat Harbour, cafes, parks, and Moreton Bay
Walk to top schools and public transport
Quick access to Gateway Motorway and Brisbane CBD (less than 30 mins)
Consistently strong rental demand and rising local property values
Investment Highlights
Reliable income with proven track record
Long-term agreement = excellent lender appeal
Opportunity to grow letting pool
Low overheads and manageable workload
Prime southeast Brisbane growth corridor
Contact Joel McCartin today for an Information Memorandum or to book a private inspection.
| 0407 834 425
RAS360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
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More Information
- Total Purchase Price: $1.319M : MR $499k plus Unit $820k
- Net Income: $ 118,434
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 820,000
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?