Runaway Bay, Queensland

This truly is a lifestyle business worth inspecting today! | Resort Brokers ID : MR006926

$800,000

Property Description

Offered exclusively by ResortBrokers® is the rare opportunity to acquire the management rights and associated real estate at The Ridges on Pine Ridge Road, one of the Gold Coast's best-kept secrets. Nestled amongst a nature reserve. Having rarely been offered to the market, this 15-year-old development has been lovingly maintained by the current manager.



  • 88% on the income comes from the salary

  • 22 years remaining

  • No set office hours

  • Truly manageable by one person

  • Ability to close off the office from the main residence

  • Low maintenance gardens and facilities

  • Large three bedroom home

  • Well maintained complex

  • Secure and gated community

  • Property inspections are by appointment only

Date updated: 21 Oct 2021 22:00:07

Property Summary

Business Snapshot

Price: $800,000 Net Profit: $52,800 Remuneration / Body Corp Salary: $46,523

Managers Unit

Value of Managers Apartment: $550,000Bedrooms: 3Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 28Total Units in Letting Pool: 4Holiday Units: 4Owner Occupy Units: 21Outside Agent Units: 3Agreement Term Remaining: 22 years
Marketing Agent
Listing location
Gallery

Enquire Now

Thank you, your enquiry has been sent now.

Listing Tools

Management Rights

Receive new listing alerts

Sign up
Similar Properties

You may also like

Permanent Merrimac near schools (one person)
RAAS Group
Permanent Merrimac near schools (one...

MERRIMAC

$900,000

Net Income: $92,500
Managers Estate: $550,000 3 Bed - Bath
Letting Pool: 45
Remuneration: $73,500

Excellent first time operators management rights on beautiful Chevron Island!  | Resort Brokers ID : MR006931
ResortBrokers
Excellent first time operators management...

CHEVRON ISLAND

$795,000

Net Income: $74,700
Managers Estate: $470,000 2 Bed 2 Bath
Letting Pool: 26
Remuneration: $55,348

Buy this management rights and watch your investment grow! | Resort Brokers ID : MR006838
ResortBrokers
Buy this management rights and watch your...

BROADBEACH

$805,000

Net Income: $67,658
Managers Estate: $550,000 2 Bed 2 Bath
Letting Pool: 16
Remuneration: $29,111

Holiday Apartments - Walk To Beach
Onsite Management Rights
Holiday Apartments - Walk To Beach

MERMAID BEACH

Expression Of Interest

Net Income: $132,152
Managers Estate: $660,000 2 Bed 2 Bath
Letting Pool: 8
Remuneration: $45,362

Low Multiplier Waterfront
Onsite Management Rights
Low Multiplier Waterfront

LABRADOR

$710,000

Net Income: $75,928
Managers Estate: $450,000 3 Bed 1 Bath
Letting Pool: 14
Remuneration: $57,693

NOW I HAVE YOUR ATTENTION !! PERFECT IN KIRRA !!
RAAS Group
NOW I HAVE YOUR ATTENTION !! PERFECT IN...

KIRRA

$729,500

Net Income: $52,450
Managers Estate: $555,000 2 Bed - Bath
Letting Pool: 22
Remuneration: $40,285

Yeppoon - Ocean View Management Rights - 1P5372MR
Lake Wallace Hotel - 1P5370
Blue Whale Motor Inn & Apartments - 1P5368M
2677MF - A LIFESTYLE RESORT AND BUSH RETREAT ‘OFF THE GRID’
Business For Sale - Large Permanent Management Rights - ID 7992 BL
BIG 4 HERVEY BAY HOLIDAY PARK
Management/Letting Rights Complex in Park Ridge - close to Browns Plains Shopping and Commercial Hub - 1P5367MR
OUTSTANDING LARGE SCALE CARAVAN PARK IN CENTRAL QLD FOR SALE!
Blue Chip Permanent Management Rights in Australia's Beef Capital City Hot Spot - 1P4271MR
Rare DA approved site in thriving coastal regional town demands your attention! | Resort Brokers ID : FH006958
EXCELLENT OPPORTUNITY FOR A NEW LEASEHOLD MOTEL IN NSW SOUTH COAST
Caretaking Only! Off the Plan! No real estate to purchase! | Resort Brokers ID : OTP006943
Permanent business only management rights brisbane northside | Resort Brokers ID : MRB006964
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : MR006942
Excellent location, well maintained, this business will impress  | Resort Brokers ID : MR006957
The best property in Port Macquarie - An outstanding investment opportunity | Resort Brokers ID : FH006962
83HF - 100 YEAR ANNIVERSARY 2024, GET ON FOR A RIDE BACK IN HISTORY
2669ML - UNIQUE NEW MOTEL LEASEHOLD!