Coombabah, Queensland
Caretaking only with No Real Estate to purchase 26% ROI
SOLD
Business Description
Runaway Vista - Business-Only Management Rights
Location: Runaway Bay, Gold Coast
Total Units: 48
Body Corporate Salary: $78,908
Unit Purchase: No unit purchase is required
Office Hours: Contactable during regular business hours, with no mandatory office presence.
The Runaway Vista Management Rights offer an exceptional opportunity for investors seeking a business-only management role with no need to purchase real estate. This caretaking position focuses on maintaining the common areas and ensuring the smooth operation of the complex without the need for an on-site office. Responsibilities include basic caretaking.
Business-Only Model: No requirement to purchase a manager’s unit and no Real Estate License Required as Caretaking Only.
The Runaway Vista Management Rights are ideal for a hands-on operator who enjoys the flexibility of a business-only model while delivering excellent care for the complex. With a strong salary.
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $78,908 Remuneration / Body Corp Salary: $78,908
Complex Information
Complex Type: PermanentTotal Units in Complex: 48Owner Occupy Units: 42Outside Agent Units: 6Agreement Term: 25 yearsAgreement Term Remaining: 16 years
Key Investment Insights
1. Business-only model with no requirement to purchase a manager's unit or obtain a real estate license.
2. Ideal for a hands-on operator with a focus on basic caretaking responsibilities.
3. Located in Runaway Bay, a popular and desirable area on the Gold Coast.
4. Total of 48 units in the complex, with 42 owner-occupied units and 6 units managed by outside agents.
5. Strong remuneration/body corporate salary of $78,908.
6. Agreement term of 25 years with 16 years remaining.
7. Contactable during regular business hours with no mandatory office presence.
8. Flexibility and opportunity to maintain a work-life balance.
9. Potential for growth and increased profits through efficient management and maintenance of the complex.
10. No real estate purchase required, making it a more affordable investment opportunity.
