Runaway Bay, Queensland
Business Only with Minimal Facilities
$210,000
Business Description
This is a rare opportunity to secure the business-only management rights for a boutique residential complex in the heart of Runaway Bay. With just twenty-three apartments in the building and only five in the letting pool, this is a manageable, lifestyle-friendly operation. The location is a major drawcard—moments from the Broadwater with its waterfront parklands, walking tracks and recreational areas, and close to shops, restaurants and public transport.
This modern three-storey walk-up complex delivers a relaxed coastal lifestyle without the demands of a larger scheme. Residents enjoy a central swimming pool, well-maintained gardens and a barbecue area. The Body Corporate handles pool maintenance, taking care of one of the more time-consuming caretaking tasks. With no bins to manage and no office hours to keep, the day-to-day workload is straightforward.
The business is underpinned by a reliable Body Corporate salary and steady letting income. The 2025 financial year shows a net profit of $63,103—a strong return for minimal effort. Expenses are low, and with a compact letting pool, there's genuine upside potential as more apartments enter the rental market over time. This setup suits either an experienced operator looking for a low-maintenance addition, or a newcomer who values lifestyle and location over long hours.
What sets this opportunity apart is the balance it strikes between ease of operation and quality of life. Residents benefit from an onsite café and the community feel of a boutique complex, while the Runaway Bay location offers shopping centres, marinas, Harbour Town and M1 access. It's a lifestyle-driven business that combines profitability with simplicity—opportunities like this in such a sought-after coastal area are increasingly rare.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $210,000
Net Profit: $63,103 Remuneration / Body Corp Salary: $55,113
Complex Information
Complex Type: PermanentTotal Units in Complex: 23Total Units in Letting Pool: 5Owner Occupy Units: 18Agreement Term: 25 yearsAgreement Term Remaining: 13 years
Key Investment Insights
1. Business-only management rights offered, price $210,000, minimal facilities required from operator.
2. 2025 net profit $63,103, with Body Corporate salary/remuneration $55,113.
3. Boutique, three-storey walk-up complex, just 23 apartments, creating a compact, lifestyle-friendly operation.
4. Only five units in the letting pool, providing low day-to-day workload and clear upside as more apartments enter the rental pool.
5. Owner-occupy count 18, indicating a predominantly owner-occupied building and stable resident profile.
6. Agreement originally 25 years, 13 years remaining, providing medium-term contractual security.
7. Body Corporate handles pool maintenance, reducing a major caretaking responsibility for the manager.
8. No bins to manage and no office hours to keep, keeping operational expenses and time commitment low.
9. Prime Runaway Bay location, moments from the Broadwater parklands, walking tracks and recreational areas, close to shops, restaurants and public transport.
10. Additional local appeal includes onsite café, nearby marinas, Harbour Town and direct M1 access, supporting both resident amenities and letting demand.
11. Energy rating 5, suggesting above-average energy efficiency for the complex.
