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Back 1 Toombul Avenue
Off Market

1 Toombul Avenue

Miami QLD 4220

Unit
Syd DouglasSyd Douglas, last sold this property on 02 December 2025 after -42 days on market.

Overview

Straight Caretaking Business with Freehold Office and Huge Growth Potential. $950K

This is a rare opportunity to secure a caretaking-only management rights business in a highly desirable coastal location, just moments from the beach and surrounded by cafés and local amenity. With 22 years remaining on the agreements and a supportive Body Corporate committee, this business is set up for ease, lifestyle, and future upside. The net income is approximately $142,000 per annum, derived solely from the Body Corporate salary. There is no letting component, no requirement to reside onsite, and no office hours to maintain. All caretaking duties are handled by a single person in roughly 15 hours per week, making it a perfect business for first-time operators, semi-retirees, or those seeking a simple bolt-on. Included in the sale is a freehold 17m² office, valued at approximately $80,000, currently leased under market rate of about $1,300 per month. The tenant is happy to stay or vacate, giving buyers the option of passive income or an operational base. The complex consists of 76 residential units with a single facility—a rooftop pool. The existing manager enjoys a strong relationship with the committee, adding further appeal and stability to the operation. Additional, informal income is received for bin duties, which could be formalised for future growth. With its light workload, stable income, and excellent upside through potential letting, this opportunity is ideally positioned for lifestyle buyers or those looking to expand their portfolio with minimal input and maximum flexibility. For further information or to arrange an inspection, contact Syd Douglas today. Ras360 – Management Rights | Motels | Hotels | Pubs | Parks

Features

Unit

Estimated Value

Based on this property and similar units sold in Miami over the last 12 months, the estimated median property value of 1 Toombul Avenue is $941k.

Median value
$941k
Estimated value range
$80k - $2m
Median days on market
31
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Miami. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 1 Toombul Avenue

2025
Sold
Undisclosed
02 Dec 2025 by Syd Douglas, of Ras360 Property Solutions
2016
Sold
$470,000
02 Jul 2016 by Michael Spurge, of The Prestige
2014
Sold
$470,000
Private Sale/Treaty on 11 Feb 2014 by Michael Spurge, of The Prestige

Happy sellers in Miami

84%
84% of sellers in Miami reported that their sale price either exceeded or met their price expectations.

Miami stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 55 reviews in Miami over the last 12 months.

Local market activity for units in Miami

In the last 12 months, 36 units similar to 1 Toombul Avenue, have been sold.

This represents a 2% decrease in units sales when compared to the previous 12 months.

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Freddie Tehle

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