Runaway Bay, Queensland

Runaway Bay Permanent - Priced Below Market – ID 8052

$1,599,999

Business Description

Permanent Management Rights for Sale
Ill Health Forces Sale

A rare opportunity to secure management rights in the prestigious Runaway Cove Villas, a gated waterfront community. Enjoy a strong income while managing a well-established complex with efficient systems in place, all within a resort-style setting.

Business Highlights:
• Net profit of $157,733 with 20 years remaining on agreements.
• Streamlined operations with reduced workload and efficient systems.
• No set office hours, providing ultimate flexibility.

Resort-Style Complex:
• Stand-alone cottages, townhouses, and luxury waterfront homes.
• Lagoon-style pool, magnesium spa, gym & tennis court.
• Private boat ramp & secure gated entry.

Manager’s Residence:
• Spacious 3-bedroom, 2.5-bathroom villa.
• Modern open plan living, gourmet kitchen, and private courtyard.
• Double lock-up garage and exclusive-use gatehouse.

This a rare opportunity to secure management rights in a wonderful, gated waterfront community in Runaway Bay. Enjoy a strong income while managing a well-established complex with efficient systems in place, all within a resort-style setting. This business is all class and with a supportive committee would be ideal for any discerning buyer new to the industry.

Net Profit: $157,733
Asking Price: $1,599,999

For further information or to arrange an inspection of this Management Rights business for sale contact:

Management Rights Brokers
Gerard Dixon & Phil Trimble

Property Code: 994

Business Summary

Business Snapshot

Price: $1,599,999 Net Profit: $157,733 Remuneration / Body Corp Salary: $137,734

Managers Unit

Value of Managers Apartment: $1,100,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Modern Open-Plan Living: A seamless flow between the family, dining, and living areas, creating an inviting and airy ambiance perfect for entertaining or relaxation. Gourmet Kitchen: Well-appointed with quality appliances, ample storage, and a breakfast bar, ideal for home chefs. Spacious Master Suite: Features a private balcony, walk-in robe, and ensuite, providing a personal retreat with tranquil views. Two Additional Bedrooms: Well-sized with built-in robes, perfect for family, guests, or a home office. Private Outdoor Space: A landscaped courtyard and patio offer a serene setting to unwind, entertain, or enjoy the Gold Coast’s idyllic climate. Double Lock-Up Garage: Secure parking with additional storage space for convenience.

Complex Information

Complex Type: PermanentTotal Units in Complex: 99Total Units in Letting Pool: 11Owner Occupy Units: 77Outside Agent Units: 1Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 20 yearsPool: YesSpa: YesGym: YesTennis Court: YesBBQ Area: Yes

Marketing Agent

Gerard Dixon

Phil Trimble

MR Sales

Key Investment Insights

Key Insights:
- Permanent management rights in prestigious Runaway Cove Villas, a gated waterfront community
- Strong net profit of $157,733 with 20 years remaining on agreements
- Streamlined operations with reduced workload and efficient systems in place
- No set office hours, providing flexibility for the manager
- Resort-style complex with stand-alone cottages, townhouses, and luxury waterfront homes
- Amenities include a lagoon-style pool, magnesium spa, gym, tennis court, private boat ramp, and secure gated entry
- Manager's residence is a spacious 3-bedroom, 2.5-bathroom villa with modern open plan living, gourmet kitchen, and private courtyard
- Double lock-up garage and exclusive-use gatehouse for the manager's residence
- Supportive committee and ideal for a discerning buyer new to the industry
- Asking price of $1,599,999, priced below market value
- Manager's apartment valued at $1,100,000
- Permanent complex with 99 total units, 11 in the letting pool, and 77 owner-occupied units
- Agreement module is Accommodation with 25 years remaining on the term
- Amenities include a pool, spa, gym, tennis court, and BBQ area.

Management Rights Multiplier: 3.17
ROI Estimate: 31.55%