Runaway Bay, Queensland

Incredible Views!!

$2,100,000

Business Description

Incredible Views!!

A McMaster built complex that exudes style and charm. Secure high rise permanent complex situated on a small Marina with access to the Broadwater and the seafaring marina. Images might not depict this complex.

The complex boasts all the amenities such as; Indoor heated pool, outside pool with spa, gym, sauna, three BBQ’s, full size tennis court and immaculate gardens. Conference room with kitchenette and a guest toilet just off from the main expansive and modern foyer.

Comfortable 3-bedroom, 2-bathroom managers apartment, separate laundry, spacious kitchen with breakfast nook, huge lounge area – all this leading out to a balcony and overlooking the pool area and marina. Lounge leads out to “On Title” reception/office. Spacious and separate dining area flowing into the open plan lounge area. One secure parking bay.

To arrange an inspection please call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: $2,100,000 Net Profit: $210,000 Remuneration / Body Corp Salary: $204,600

Managers Unit

Value of Managers Apartment: $1,250,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: No

Complex Information

Complex Type: PermanentTotal Units in Complex: 109Total Units in Letting Pool: 6Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 8.9 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesFunction Facilities: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. Asking price $2,100,000, with reported net profit $210,000 and manager remuneration/body corp salary $204,600, indicating net profit is almost entirely absorbed by manager remuneration.
2. Manager’s apartment on title valued at $1,250,000, representing approximately 60% of the asking price, signalling a significant real estate component to the sale.
3. Managers unit is a comfortable 3‑bedroom, 2‑bathroom apartment with separate laundry, spacious kitchen and breakfast nook, large lounge, balcony overlooking pool and marina, one secure parking bay, pets permitted.
4. On‑title reception/office and manager’s apartment integrated into operation, providing on-site management and direct oversight.
5. Complex built by McMaster, secure high‑rise location on a small marina with direct access to the Broadwater and seafaring marina, offering highly marketable waterfront and view appeal.
6. Extensive resort-style amenities including indoor heated pool, outdoor pool with spa, sauna, gym, three BBQs, full‑size tennis court, immaculate gardens and function/conference facilities, supporting premium positioning.
7. Conference room with kitchenette and guest toilet adjacent to an expansive modern foyer, enabling events and additional revenue opportunities.
8. Complex size 109 units, with only 6 units currently in the letting pool, suggesting limited current short‑stay exposure and potential to expand letting income.
9. Management agreement is standard 10 years with 8.9 years remaining, providing long-term contractual stability for ongoing management fees.
10. Business listing includes a disclaimer advising purchasers to verify information, highlighting need for due diligence on financials and asset valuations.

Management Rights Multiplier: 4.05
ROI Estimate: 10.00%