Runaway Bay, Queensland

Runaway Bay - Mixed - Sold & Settled – ID 7968

SOLD

Business Description

Gold Coast Management Rights For Sale

Unleash the Potential of Waterfront Living and Profitable Business Opportunities

Complement this stunning waterfront lifestyle with an ever-growing business presenting plenty of potential.

Nestled along the pristine shores of the stunning Broadwater in the heart of the Gold Coast, the complex offers a mix of permanent and holiday with a variety of units from private villas to exclusive penthouse apartments.

- Established business.

- Growing net profit of $214,703.

- Annually increasing Body Corporate salary of $115,663.

- Stable letting pool of 24 units.

- Perfect mix of Holiday and Permanent.

- Low maintenance caretaking duties (1–2-person operation)

- Sales opportunity for full licensees

- Supportive Body Corporate Committee

- Prime waterfront location with uninterrupted views across the broad water

- Amazing waterfront living

Manager Unit:

The manager's residence is an impressive and luxurious ground-floor unit, featuring three bedrooms, two bathrooms, and a contemporary design. Offering an expansive living room, updated kitchen, and master bedroom, which offers breathtaking panoramic views of the broad water.

- 3 Bedrooms - 2.5 Bathrooms (Master Ensuite)

- Two large balconies

- Large entrance with storage and separate laundry

- Secure Parking

- Front Office on title plus a storage area (Office 14m2, Storage 22m2)

Don't miss out on this incredible opportunity to embrace the waterfront lifestyle while building a thriving business. Contact us today to make this dream a reality.

For further information contact:

Management Rights Broker

Ben Lynn

Property Code: 606

Business Summary

Business Snapshot

Price: SOLD Net Profit: $214,703 Remuneration / Body Corp Salary: $115,663Business Value: $859,000

Managers Unit

Value of Managers Apartment: $795,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes

Ground-floor unit, three bedrooms, 2.5 bathrooms, expansive living room, updated kitchen, breathtaking panoramic views of the water.

Complex Information

Complex Type: MixedTotal Units in Complex: 72Total Units in Letting Pool: 24Owner Occupy Units: 40Outside Agent Units: 5Lockup Units: 2Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesSpa: YesSauna: YesTennis Court: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Ben Lynn

MR Sales

Key Investment Insights

Key Insights:

1. Established and growing business with a net profit of $214,703 and an annually increasing Body Corporate salary of $115,663.
2. Stable letting pool of 24 units with a mix of holiday and permanent rentals.
3. Low maintenance caretaking duties, making it a manageable 1-2 person operation.
4. Potential for sales opportunities for full licensees.
5. Supportive Body Corporate Committee.
6. Prime waterfront location with uninterrupted views of the Broadwater.
7. Luxurious and spacious manager's residence with 3 bedrooms, 2.5 bathrooms, and two large balconies.
8. Front office and storage area included in the manager's residence.
9. Complex features amenities such as a pool, spa, sauna, tennis court, BBQ area, pay TV, and WIFI.
10. Agreement term remaining is 9 years, providing stability and security for the new owner.

Management Rights Multiplier: 4.00
ROI Estimate: 12.98%