Coombabah, Queensland
Effortless Property Caretaking, No Real Estate, Maximum Returns—Your Ideal Investment
Under Contract / Offer
Business Description
Runaway Vista - Business-Only Management Rights
Location: Runaway Bay, Gold Coast
Total Units: 48
Letting Pool: 4 Units
Net Profit: $86,908
Body Corporate Salary: $79,719
Unit Purchase: No unit purchase required
Office Hours: Contactable during normal 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 tasks such as mowing, cleaning common areas, and pool maintenance.
Business-Only Model: No requirement to purchase a manager’s unit, reducing the initial capital investment.
Contactable during Business Hours: Flexibility in managing the role while being available for necessary communication and tasks.
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 net profit and a stable body corporate salary, this management rights opportunity offers a balanced and profitable role in a highly desirable location.
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $86,908 Remuneration / Body Corp Salary: $79,719
Complex Information
Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 4Owner Occupy Units: 44Agreement Term: 25 yearsAgreement Term Remaining: 17 years
Key Investment Insights
1. Business-only model: The opportunity does not require the purchase of a manager's unit, reducing the initial capital investment.
2. Contactable during business hours: The role offers flexibility in managing tasks while being available for necessary communication during normal business hours.
3. Hands-on operator: The role is ideal for a hands-on operator who enjoys a business-only model and can deliver excellent care for the complex.
4. Strong net profit: The business has a strong net profit of $86,908, providing a good return on investment.
5. Stable body corporate salary: The body corporate salary of $79,719 provides a stable income for the caretaker.
6. Ideal location: The complex is located in Runaway Bay, Gold Coast, a highly desirable location for investors.
7. Permanent complex: The complex is a permanent residential complex, providing a stable and consistent income stream.
8. Total units: The complex has a total of 48 units, with 4 units in the letting pool and 44 owner-occupied units.
9. Agreement term: The agreement term is for 25 years, with 17 years remaining, providing long-term stability for the business.
10. Basic caretaking tasks: Responsibilities include basic caretaking tasks such as mowing, cleaning common areas, and pool maintenance, making it an easy and manageable role for the caretaker.
