Contact Agent For Address, Cleveland, QLD 4163 | Commercial for sale | OnTheHouse
FOR SALE
$650k Business Only

Contact Agent For Address
Cleveland QLD 4163

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Business Only Management Rights – Cleveland

This is a rare chance to secure the business-only management rights to Island Park Gardens, a well-established townhouse community in Cleveland. With 75 townhouses in the complex, 18 in the letting pool, and a further 10 external properties under management, this business offers both scale and diversity of income.
⚙️ The streamlined operation is highly efficient, with the caretaking workload well matched to the generous Body Corporate salary. The numbers tell the story:
💰 Net Profit: $162,000+ (accountant verified)
💵 Asking Price: $650,000 (4.0x multiple)
📈 ROI: approx. 25%
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current owner does not sell
ADD REAL ESTATE SALES
7 Sales in last 12 months
Average Price $750,000
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Property Details for Contact Agent For Address, Cleveland

Building Type
Commercial
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About Cleveland 4163

The size of Cleveland is approximately 11.7 square kilometres. It has 55 parks covering nearly 19.2% of total area. The population of Cleveland in 2016 was 14801 people. By 2021 the population was 15850 showing a population growth of 7.1% in the area during that time. The predominant age group in Cleveland is 60-69 years. Households in Cleveland are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Cleveland work in a professional occupation.In 2021, 66.80% of the homes in Cleveland were owner-occupied compared with 62.20% in 2016.

Cleveland has 9,051 properties. Over the last 5 years, Houses in Cleveland have seen a 95.95% increase in median value, while Units have seen a 97.48% increase. As at 31 October 2025:

  • The median value for Houses in Cleveland is $1,340,298 while the median value for Units is $822,824.
  • Houses have a median rent of $720 while Units have a median rent of $600.
There are currently 74 properties listed for sale, and 28 properties listed for rent in Cleveland on OnTheHouse. According to Cotality's data, 477 properties were sold in the past 12 months in Cleveland.

Suburb Insights for Cleveland 4163

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Contact agent
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Joel Mccartin
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RAAS Property Group
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.