Runaway Bay, Queensland

Lifestyle Meets Income – High-Performing MR with Marina Access

SOLD

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: SOLD 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, with strong lifestyle appeal due to direct Broadwater access via a private 17-berth marina.
2. Complex comprises 49 well-maintained three-bedroom townhouses, providing a defined asset base and consistent resident profile.
3. Body corporate salary and net profit both $125,000, representing the entirety of current net earnings and providing a clear income stream.
4. Income structure largely insulated from letting market volatility, as the body corporate salary represents the business’s full net profit.
5. Noticeable upside from growing the letting pool, with 9 units managed by outside agents and 2 lock-up units plus self-managed owners available to convert.
6. Light caretaking obligations manageable by one to two people, no set office hours required, office included on title, facilitating low operational overhead.
7. Agreement security improved, with a top-up approved at the September AGM; original term 25 years, 19 years remaining, offering long-term contractual stability.
8. Managers apartment is a high-value on-title asset valued at $870,000, three bedrooms, two bathrooms, two car spaces, enhancing overall deal value.
9. High owner-occupancy level, 38 of 49 units owner-occupied, indicating lower tenant turnover and stable community management.
10. Resident amenities include a large pool and barbecue areas, complementing the marina for strong resident and guest appeal.
11. Convenient location walking distance to Harbour Town Shopping Centre, cafes, restaurants and public transport, with easy motorway connectivity for broader access.
12. Opportunity suited to experienced operators seeking a secure income base and to lifestyle buyers seeking low-maintenance waterfront ownership, noting the listing status is sold.

Management Rights Multiplier: 3.80
ROI Estimate: 9.29%