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Low Multiplier of 4 on Great Nett Profit $194k
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Permanent Management Rights, THORNESIDE QLD
Bayside Central, Thorneside Massive 13.2% ROI
Business Overview
Net Profit: $194,386 p.a. (Verified by industry accountant)
Business Price: $777,000 (4.0 multiplier)
Managers Residence: $699,000 (Independently valued up to $750K)
Total Investment: $1,476,000
ROI: Over 13%
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current owners do not sell
ADD REAL ESTATE SALES
9 Sales in Complex in last year
Most recent Sale $799k
Potential Commission $$$$$$
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Why Bayside Central?
Positioned in a peaceful bayside enclave just 19km from the Brisbane CBD, this modern, low-maintenance complex offers consistent income, lifestyle flexibility, and scope to grow. With long-standing agreements, a supportive committee, and a proven financial track record, this is a business thats ready to perform from day one.
Business Snapshot
Complex Size: 104 units
Letting Pool: 20 units
Agreements: 9 years remaining topped up twice under current ownership
Committee: Collaborative and proactive Body Corporate
Grounds: Well-maintained with manageable workload
Growth Opportunity Unlock Untapped Income
While the current manager focuses solely on caretaking and letting, the real estate sales potential is enormous. In 2024 alone, 12 properties within the complex have sold for $700,000+, presenting a golden opportunity to capture additional six-figure income through internal sales.
Add a real estate sales and transform a high-performing business into a powerful income-generating asset.
Managers Residence Value-Backed & Move-In Ready
3 Bedrooms | 2 Bathrooms | Secure Car Space
Quiet corner position with modern finishes throughout
Spacious, private, and well-appointed
Priced well below valuation = Instant equity for the buyer
Thorneside Bayside Living with City Access
Just 30 minutes from Brisbanes CBD
Minutes to boat ramps, waterfront trails, parks, and cafes
Close to schools, public transport, and local shops
Family-friendly, highly sought-after suburb
Popular with professionals, downsizers, and lifestyle buyers
Who This Opportunity Suits
Buyers seeking high, stable income from day one
Operators ready to capitalise on sales commissions
Semi-retirees wanting a hands-on, low-overhead business
First-time buyers chasing lifestyle with long-term upside
Contact Joel McCartin for your Information Memorandum or to arrange a private inspection:
| 0407 834 425
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More Information
- Total Purchase Price: Don't Miss Out, Get in Touch
- 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?