Runaway Bay, Queensland

This is truly a Caretaking lifestyle business worth inspecting today. | Resort Brokers ID : MRC007048

$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.



  • Good systems in place

  • 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: 23 Jan 2022 22:00:10

Property Summary

Business Snapshot

Price: $800,000 Net Profit: $46,523 Remuneration / Body Corp Salary: $46,525

Managers Unit

Value of Managers Apartment: $575,000Bedrooms: 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
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