Runaway Bay, Queensland

Lifestyle Meets Income – High-Performing MR with Marina Access

Under Contract / Offer

Business Description

Limetree Waters East offers a rare chance to acquire a high-performing management rights business in one of the Gold Coast’s most sought-after waterfront enclaves. Located in Runaway Bay, this secure gated community features direct Broadwater access via a private marina, blending lifestyle appeal with a strong and reliable income stream.

The complex consists of 49 well-maintained three-bedroom townhouses and delivers a body corporate salary of $125k, representing the entirety of the current net profit. This structure shields the business from letting fluctuations, while providing clear upside through expansion of the letting pool by attracting units currently with outside agents, self-managed owners, or in lock-up.

Caretaking requirements are light and easily managed by one or two people. There are no set office hours, and an office is included on title. Importantly, a top-up was approved at the September AGM, extending the agreements to a healthy 19 years, and providing excellent long-term security for the incoming operator.

Residents benefit from quality amenities including a large pool, barbecue areas, and a 17-berth marina with Broadwater access. The location also places Harbour Town Shopping Centre, cafes, restaurants, and public transport within walking distance, with easy motorway connectivity close by.

This opportunity is well-suited to experienced operators seeking a secure income base, as well as lifestyle buyers seeking a low-maintenance waterfront business with genuine growth potential.

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

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $125,000 Remuneration / Body Corp Salary: $125,000

Managers Unit

Value of Managers Apartment: $870,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 49Owner Occupy Units: 38Outside Agent Units: 9Lockup Units: 2Agreement Term: 25 yearsAgreement Term Remaining: 19 years

Marketing Agent

Greg Litzner

0499 00....

Ras360

Key Investment Insights

1. High-performing management rights business in Runaway Bay, delivering a body corporate salary of $125,000 which represents the entirety of current net profit.
2. Secure gated waterfront complex with private marina and direct Broadwater access, enhancing lifestyle appeal and tenant demand.
3. Complex comprises 49 well-maintained three-bedroom townhouses, providing a concentrated and homogeneous letting pool.
4. Clear growth opportunity from converting 9 outside-agent units and 2 lock-up units into the letting pool, representing 11 units of immediate upside.
5. Strong owner-occupancy level with 38 owner-occupy units, indicating stable resident profile and lower churn.
6. Light caretaking requirements manageable by one to two people, reducing labour intensity and operating costs.
7. Office included on title, providing on-site administrative convenience and business continuity.
8. Agreement structure offers long-term security, with a 25-year term and 19 years remaining after a top-up approved at the September AGM.
9. Managers apartment valued at $870,000, three bedrooms, two bathrooms and two car spaces, representing significant on-title asset value.
10. On-site amenities include a large pool, barbecue areas and a 17-berth marina, supporting resident satisfaction and premium positioning.
11. Convenient location within walking distance of Harbour Town shopping centre, cafes, restaurants and public transport, with easy motorway connectivity for broader catchment.

Management Rights Multiplier: 3.80
ROI Estimate: 9.29%