Runaway Bay, Queensland

All Class in Runaway Bay - ID 8384

$2,100,000

Business Description

Permanent Management Rights For Sale
Prestigious Comlex on The Broadwater with Marina

- Attractive Net Profit exceeding $200,000
- Comfortable workload ideal for a working couple
- Stunning 3-bedroom manager’s residence with expansive marina views
- Supportive, proactive Body Corporate committee
- Office on title
- Ample visitor parking
- Upside potential with 3 external rental units not currently in the letting pool
- Additional income opportunities through future apartment sales

After almost 10 successful years of ownership, the retiring vendors have made the decision to offer this iconic management rights business to the market.

The business delivers a strong, reliable income while maintaining a manageable workload, making it ideally suited to a professional working couple seeking financial security combined with an enviable marina-side lifestyle.

The included three-bedroom manager’s residence is spacious, ground-floor, and boasts sweeping water views — offering both comfort and prestige.

With a solid committee, established systems, and clear growth potential, this is a rare opportunity to secure a quality management rights business in a desirable waterfront setting.

Opportunities of this calibre are tightly held and rarely offered. Enquire today for further details.

Net Profit: $219,000
Asking Price: $2,100,000
(Inclusive of Manager's Real Estate)

For further information or to arrange an inspection of this Gold Coast Management Rights business for sale contact:

Management Rights Brokers
Phil Trimble & Gerard Dixon

Property Code: 1111

Business Summary

Business Snapshot

Price: $2,100,000 Net Profit: $219,000 Remuneration / Body Corp Salary: $204,639

Managers Unit

Value of Managers Apartment: $1,250,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title

An outstanding and generously proportioned ground-floor residence featuring three spacious bedrooms and two well-appointed bathrooms. The open-plan living and dining area flows seamlessly to marina-facing views, creating a light-filled space that perfectly complements the waterfront setting. Partially air-conditioned for year-round comfort, the apartment offers both practicality and lifestyle appeal. The residence includes one secure car space, with additional parking available for rent within the complex if required.

Complex Information

Complex Type: PermanentTotal Units in Complex: 110Total Units in Letting Pool: 6Owner Occupy Units: 92Outside Agent Units: 3Lockup Units: 8Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 yearsPool: YesIndoor Pool: YesSpa: YesSauna: YesGym: YesTennis Court: YesBBQ Area: YesPay TV: YesWIFI: YesMarina Berth: Yes

Marketing Agent

Phil Trimble

Gerard Dixon

MR Sales

Key Investment Insights

1. Net profit $219,000, indicating strong, reliable cashflow relative to sale price.
2. Asking price $2,100,000, sale inclusive of Manager’s Real Estate valued at $1,250,000.
3. Remuneration / Body Corporate salary $204,639, providing significant guaranteed income component.
4. Spacious ground-floor three-bedroom manager’s residence with sweeping marina views, enhancing lifestyle and rental value.
5. Office on title included, simplifying operations and adding asset value.
6. Prestigious waterfront complex on The Broadwater with an included marina berth, increasing appeal to owners and tenants.
7. Large complex scale, 110 units, with extensive on-site facilities; indoor and outdoor pools, spa, sauna, gym, tennis court, BBQ area, Pay TV and WiFi.
8. Very low current letting pool penetration, six units in the pool with three external rental units not currently in the letting pool, representing clear upside.
9. High owner-occupancy profile, 92 owner-occupy units and only three outside agent units, suggesting stable Body Corporate and reduced letting workload.
10. Supportive, proactive Body Corporate committee and established systems, reducing management friction and risk.
11. Agreement structure standard 10-year term with nine years remaining, providing long-term contractual stability.
12. Comfortable workload suited to a working couple, with ample visitor parking and opportunities for additional income through future apartment sales.

Management Rights Multiplier: 3.88
ROI Estimate: 10.43%