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CORNUBIA, QLD
Motivated Sale, Vendor Open to Reasonable Offers
Cornubia, QLD, 4130
Services · Management Rights
$399k MR & $700k Unit = Total $1.1M
Positioned within one of Cornubia's most sought after master planned residential communities, this outstanding Management Rights opportunity combines secure income, operational simplicity and an enviable lifestyle. Perfectly located approximately 40 minutes from both Brisbane and the Gold Coast, the complex enjoys strong appeal from long term owner occupiers and permanent residents seeking a peaceful, community focused environment with exceptional convenience.Ideally suited to first time operators, couples transitioning into the industry, semi retirees or experienced managers looking to simplify, this is a genuine lifestyle business with minimal workload and highly predictable income. Comprising 76 townhouses with a letting pool of just 12, the operation is refreshingly straightforward. Importantly, the onsite manager is not responsible for maintaining the extensive recreational facilities or open parklands throughout the wider estate, significantly reducing day to day operational demands.Residents enjoy access to an impressive range of lifestyle amenities including a resort style swimming pool, tennis courts, BBQ facilities, function room, playgrounds, landscaped parklands and 24 hour staffed security. The estate also adjoins a picturesque 18 hole golf course, further enhancing its desirability.The spacious manager's residence comprises 3 bedrooms, 2 bathrooms, an attached office and single garage, with recent upgrades including new air conditioning and ceiling fans throughout.Financially, the business is underpinned by a substantial Body Corporate remuneration of $111k per annum, representing approximately 87% of the total net profit of $128k. This provides an exceptionally secure income stream that is highly attractive to both purchasers and financiers. With no prescribed office hours, managers also enjoy outstanding flexibility and work life balance.Offered with a competitively priced manager's residence of $700k and a business priced at an attractive 3.2 times multiplier, this opportunity represents exceptional value in the current market. The vendors are committed to achieving a sale and have positioned the business accordingly, creating an outstanding opportunity for astute buyers seeking a quality, low maintenance Management Rights business with genuine upside and motivated sellers.
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