Redcliffe Peninsula’s Best Buy - circa $333k Net - Attractive 2.95x Multiplier

This established management rights business in Kippa-Ring comprises 150 townhouses and delivers strong returns, with a net profit of circa $333,000, including rental income from one of the manager’s residences. The body corporate salary of $230,313 represents approximately 75% of total income. This is further supported by 36 units in the letting pool generating consistent rental income.

There is long tenure remaining on the caretaking and letting agreements, with more than 20 years to run, providing stability and security. The property includes two manager’s residences, with rental income of approximately $600 per week from one residence, which is included in the overall net operating profit.

With minimal facilities - no swimming pool - small BBQ area. The complex is easy to manage while maintaining returns exceeding 16.5%.

Offered at a highly attractive 2.95x multiplier, this represents compelling value for a business of this scale, income profile and coastal location on the Redcliffe Peninsula.