Coombabah, Queensland
Caretaking only with No Real Estate to purchase 26% ROI
$290,000 - Business Only Caretaking
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: $290,000 - Business Only Caretaking
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 management rights with no need to purchase real estate
2. Located in the desirable area of Runaway Bay on the Gold Coast
3. 48 units in the complex, with 42 owner-occupied and 6 managed by outside agents
4. Strong net profit of $78,908
5. Remuneration/body corporate salary of $78,908
6. No real estate license required as caretaking only
7. Flexible office hours with no mandatory office presence
8. Ideal for a hands-on operator who enjoys a business-only model
9. Agreement term of 25 years with 16 years remaining
10. Permanent complex type with potential for long-term stability and income.
