Runaway Bay, Queensland

Blue Chip MR with Marina-Front Residence & Significant BC Salary

$850K MR & $1.250M Unit = Total $2.1M

Business Description

A rare opportunity to secure the management rights to Bayview Tower – an iconic 29-storey waterfront building in the tightly held suburb of Runaway Bay. With a premium location directly on the marina and breathtaking views of the Broadwater, ocean, and hinterland, this is an ideal opportunity for those seeking a lifestyle change supported by a strong, stable income. Perfect for couples, sea-changers, or experienced operators looking to downshift without compromising earnings.

A major highlight is the beautifully renovated, marina-front manager’s residence – a spacious 3-bedroom, 2- bathroom apartment with modern ﬁnishes, private marina views, one secure car space, and an on-title oﬃce. This apartment oﬀers an enviable combination of lifestyle and functionality.

The business oﬀers a signiﬁcant body corporate salary of $219K (increasing annually with CPI), long-term agreements, and the backing of a proactive, supportive committee. Manageable caretaking duties encompass established grounds and office hours of 8am-1pm Monday to Friday and access to onsite apartment sales add to the income potential.

Constructed by respected builder MacMaster Constructions, the complex features 109 apartments, including luxury sub-penthouses and penthouses. Residents enjoy a host of ﬁrst-class facilities, including heated indoor and outdoor pools, spa, sauna, gym, tennis court, function room, and BBQ areas.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $850K MR & $1.250M Unit = Total $2.1M Net Profit: $219,000 Remuneration / Body Corp Salary: $225,000

Managers Unit

Bedrooms: 3Bathrooms: 2Car Spaces: 1

Complex Information

Complex Type: PermanentTotal Units in Complex: 110Total Units in Letting Pool: 6Owner Occupy Units: 84Outside Agent Units: 5Lockup Units: 15

Marketing Agent

Paul Mueller

0439 25....

Greg Litzner

0499 00....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Iconic 29-storey waterfront location in tightly held Runaway Bay, marina-front position with direct marina access and expansive Broadwater, ocean and hinterland views.
2. Manager’s residence is a renovated marina-front 3 bedroom, 2 bathroom apartment with private marina views, on-title office and one secure car space, combining lifestyle and functionality.
3. High, stable remuneration with a significant body corporate salary of $219K, noted net profit of $219K and stated remuneration/body corp salary of $225K, salary indexed to CPI.
4. Sale structure priced at $850K for management rights and $1.25M for the unit, total transaction $2.1M.
5. Long-term agreements in place and a proactive, supportive committee, providing operational stability and reduced income risk.
6. Manageable caretaking duties with established grounds workload and office hours 8am to 1pm Monday to Friday, suitable for couples or downshifting operators.
7. Additional income streams from onsite apartment sales and an existing letting pool presence.
8. Large, premium complex built by MacMaster Constructions, featuring luxury sub-penthouses and penthouses and first-class resident facilities including heated indoor and outdoor pools, spa, sauna, gym, tennis court, function room and BBQ areas.
9. Complex composition per listing: 110 total units, 6 in the letting pool, 84 owner-occupy units, 5 outside agent units and 15 lockup units, indicating high owner-occupier proportion.
10. Target buyer appeal explicitly identified as couples, sea-changers or experienced operators seeking lifestyle change without compromising earnings.