UNBEATABLE BAYSIDE MR WITH $292K+ NOP AND FULL 25 YRS! | Resort Brokers ID : MR008887

$2,338,000

Permanent Management Rights, Wynnum North QLD

This well-established management rights business in Wynnum North generates an annual net profit of $292,340, supported by a very stable letting pool of 53 of the schemes 85 townhouses.

With a prime bayside location and modern complex, built in 2015, the letting component of the business is underpinned by consistently strong tenant demand.

A major standout is the managers residence a highly appealing 3-bed, 2-bath residence which the operator is free to live in or add to the letting pool for extra income, the choice is yours. The current operator has the residence leased to a long-term tenant.

Caretaking duties are straightforward and easily managed by one person. With no set office hours, the incoming manager has full flexibility in how they run both the caretaking and letting operations. With no requirement to reside on site, this business represents a highly desirable opportunity offering exceptional flexibility.

Recently topped-up Accommodation Module agreements to the maximum 25 years demonstrates strong support from the body corporate and provide excellent security of tenure.

Dont miss this opportunity to secure a high-performing management rights business in a prized bayside location.

Contact Jeff today for an inspection!

- $292K+ net profit, plus extra income derived from manager’s unit
- $125k+ p.a. Body Corporate Salary
- Agreements extended to full 25-year term with supportive body corporate
- Operational flexibility - no office hours or requrement to live onsite
- Stable letting pool ensures strong, ongoing rental demand
- Straightforward caretaking duties easly managed by one person
- Spacious 3-bed, 2-bath manager’s unit with double garage and attached office/multi-purpose room for seamless operation
- Extra income potential by renting out manager’s residence
- Prime bayside location near waterfront, private schools, employment/transport hubs
- Inspections by appointment only
Date updated: 02 Feb 2026 22:00:02

More Information

Financial Overview

Total Purchase Price: $2,338,000
Net Income: $ 292,340 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 850,000
_{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.}

Letting Business

Letting Pool: 53
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 28
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 85
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 125,312
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: nil
_{Required Office Hours}

Complex Features: There is an excellent pool area and large room for private functions. Built in 2015. Close to Wynnum wading pool and water park, Wynnum Golf Club and Wynnum Mangrove Boardwalk to name a few fun family activities. Close to several schools and Wynnum Hospital. Just seven kilometres from the Gateway Motorway with freeway access to Brisbaneâs northern suburbs, Domestic and International airports, Sunshine Coast, Brisbaneâs southern suburbs and Gold Coast.

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 850,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 2

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: spacious 3 bed, 2 bath with double lock up garage, large entertaining area, no requirement to live onsite. It has excellent facilites including a large pool, community hall and amenities block. Office & multi purpose room attached to Manager's Residence