Runaway Bay, Queensland

Beautiful Runaway Bay with newly renovated manager's residence | Resort Brokers ID : MR006642

$1,200,000

Property Description

Enjoy the lifestyle of this great complex with a newly renovated 3 bedroom apartment and a mix of both short and long stay income with manageable office hours



  • Over $146,000 Net Profit

  • Separate office attached to apartment and on title

  • Fully renovated managers apartment

  • Room for growth

  • Manageable office hours

  • Opportunity to move the long-stay to short and increase the profit further

  • Property inspections are by appointment only

Date updated: 22 Jun 2021 15:00:03

Property Summary

Business Snapshot

Price: $1,200,000 Net Profit: $146,144 Remuneration / Body Corp Salary: $82,957

Managers Unit

Value of Managers Apartment: $530,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 56Total Units in Letting Pool: 18Holiday Units: 18Owner Occupy Units: 32Outside Agent Units: 7Lockup Units: 2Agreement Term Remaining: 10 years
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