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Over 13% ROI + Sales Potential : Thornesides Hidden Income Gem
$777k MR&$699k Unit = Total $1.476M
Permanent Management Rights, THORNESIDE QLD
Massive ROI Over 13% High Nett Profit + Untapped Sales Potential in Thorneside
Redlands Coast | Permanent Management Rights | Total Package: $1,476,000
Key Financials
Net Profit: $194,386 p.a. (verified by an industry accountant)
Management Rights Price: $777,000 (4.0x Multiplier)
Managers Residence: $699,000 (Independently Valued at $720K$750K)
TOTAL Investment: $1,476,000
ROI: Over 13%
Why Bayside Central?
Located in the quiet bayside pocket of Thorneside, this well-maintained residential complex delivers stable income, growth potential, and a lifestyle many only dream of. The current owners have topped up the agreements twice and built a strong Body Corporate relationship giving you long-term security from day one.
Whether you're looking for reliable passive income or the chance to build a lucrative real estate sales business, this opportunity delivers.
Business Breakdown
Complex Size: 104 units
Letting Pool: 20 units
Agreement Term Remaining: 9 years (topped up twice under current ownership)
Supportive Committee with a track record of collaboration
Room to Grow
The current manager does not conduct any real estate sales, despite strong demand. In 2024 alone, 12 properties have sold, each around or above $700,000.
With a standard 2.5% commission, this is a golden opportunity to step in and add a six-figure sales arm to an already profitable business.
Managers Residence Value-Backed & Live-In Ready
3 Bedrooms | 2 Bathrooms | Secure Car Space
Modern fit-out in a peaceful corner of the complex
Priced well below independent valuation = instant equity
Thorneside A Hidden Gem on the Bayside
Coastal lifestyle just 19km from Brisbane CBD
Easy access to boat ramps, waterfront walks, and parks
Close to schools, shops, and public transport
Popular with families, professionals, and downsizers alike
Ideal For:
Entrepreneurs wanting to add value through real estate
Semi-retirees looking for a flexible, high-income lifestyle
First-time buyers chasing work-life balance with low overheads
Get in touch with Joel McCartin today on 0407 834 425
Request your full Information Memorandum or arrange a private inspection.
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More Information
- Total Purchase Price: $777k MR&$699k Unit = Total $1.476M
- Net Income: $ 194,386
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 699,000
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?