Cleveland, Queensland

Spectacular bayside MLR offers great lifestyle, income and premium unit | Resort Brokers ID : MR007924

$1,495,000

Business Description

ResortBrokers brings an exciting management rights business and associated real estate to market: Raby Bay Quays. The permanent complex is well-established and located right on the marina in the highly desired, beautiful bayside suburb of Raby Bay.

Incoming managers will get the best of both worlds, a solid business with a net income of $154,583, supported by a strong Body Corporate Salary of $127,759 per annum and the chance to live in one of the most stunning bayside communities. The MLR business comes with 25-year agreements, has no set office hours except to be contactable by phone during regular business hours.

Raby Bay Quays is one of the finest community-living waterfront villages in the Raby Bay area with its own private marina. The property comprises 56 apartments, many with waterfront positions, attracting a premium rental of up to $900 per week. The complex provides residents with superb on-site amenities such as a lap pool, sauna, gymnasium and barbecue area and the opportunity to moor your boat out front and explore Moreton Bay.

The manager’s unit is a premium three-bed, two-bath apartment, which makes the requirement to live on-site a luxury rather than an inconvenience. At an asking price of $875,000 it represents exceptional value.

- Marina position in highly sought-after bayside neighbourhood
- 19 years remaning on 25 year agreements
- Total of 56 apartments with 2- & 3-bedroom options
- 10 units in the letting pool
- $135,847 p.a Body Corporate Salary with annual CPI review
- No set office hours
- Spacious manager's unit of 3 bed, 2 bath
- Strong rental appeal - average $600 up to $900 for waterfront
- Great lifestyle opportunity in Raby Bay, close to amenities, shopping, cafe/restaurant precinct, public transport & top Queensland private schoools
- Inspections are by appointment only

Date updated: 09 Jun 2024 23:00:11

Business Summary

Business Snapshot

Price: $1,495,000 Net Profit: $154,583 Remuneration / Body Corp Salary: $135,847

Managers Unit

Value of Managers Apartment: $875,000Bedrooms: 3Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 56Total Units in Letting Pool: 10Owner Occupy Units: 45Agreement Term Remaining: 20 years
Marketing Agent
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