Runaway Bay, Queensland

Modern Gated Community Offering Lifestyle & Long-Term Income

$475K MR & $870K UNIT = Total $1.345M

Business Description

Limetree Waters East presents an exceptional opportunity to secure a high-performing management rights business in one of the Gold Coast’s most desirable waterfront locations. Situated in Runaway Bay, this gated community offers direct access to the Broadwater via a private marina, combining lifestyle appeal with a secure, stable income stream.

The complex comprises 49 well-presented 3 bedroom townhouses and enjoys a body corporate salary of $125k, which accounts for the entirety of the net profit. This currently structure insulates the business from fluctuations in letting performance, while offering clear potential to grow net profit by growing the letting pool by capturing units currently managed by outside agents, self-managed owners and lock-ups.

Operational demands are minimal, with very light caretaking duties that can easily be handled by 1-2 people. There are no set office hours and an office is included on title. A supportive body corporate has had a top-up motion submitted for consideration at the September AGM, which, when passed, will extend the remaining agreement term to 19 years, providing valuable long-term security for the incoming operator.

Residents enjoy resort-style amenities including a large swimming pool and barbecue facilities, along with a 17 berth marina with direct access to broadwater. The location offers walking distance to Harbour Town Shopping Centre, cafes, restaurants and public transport, with quick access to the M1 motorway.

This opportunity will appeal to both experienced operators seeking a secure income base and lifestyle buyers wanting a low-maintenance waterfront business with strong growth potential.

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

Business Summary