Runaway Bay, Queensland

High Net Business with Free Standing Residence

$1.089M MR & $910K UNIT = Total $1.9M

Business Description

Harbour Landing presents a blue-chip management rights opportunity within a highly regarded gated residential community . Comprising 68 duplex-style residences, with 36 units currently in the letting pool, the business delivers secure recurring income through letting commissions, a Body Corporate salary exceeding $148k per annum, and additional maintenance and project management income. Long-term agreements and consistently strong occupancy further underpin the stability of the operation.

A standout feature is the detached manager's residence, a rarity within the industry. Positioned on a large, private allotment, it offers 3 bedrooms, 2 bathrooms, second living area and office on title, together with a dedicated maintenance yard incorporating a workshop, storage and secure parking. It provides an outstanding balance of lifestyle, privacy and business functionality.

The complex continues to attract quality investors and long-term residents due to its desirable location, attractive presentation and strong rental demand. Day-to-day duties are straightforward, focusing primarily on gardening, grounds maintenance and routine site management, with additional gardening assistance already engaged to support excellent work-life balance. There is also scope to generate supplementary income through repairs, maintenance and project management services.

Harbour Landing is ideally suited to experienced operators seeking to upgrade, first-time management rights buyers wanting a simple and well-supported business, or families looking for a genuine detached home rather than a typical manager's residence.

Producing a net profit in excess of $246k, Harbour Landing offers an exceptional combination of secure income, manageable duties, an outstanding family residence and long-term growth potential, making it one of the Gold Coast's most compelling management rights opportunities.

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

Business Summary

Business Snapshot

Price: $1.089M MR & $910K UNIT = Total $1.9M Net Profit: $246,000 Remuneration / Body Corp Salary: $148,000

Managers Unit

Value of Managers Apartment: $910,000Bedrooms: 3Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 68Total Units in Letting Pool: 36Owner Occupy Units: 22Outside Agent Units: 10Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Marketing Agent

Greg Litzner

0499 00....

Kevin Tsai

0403 44....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Net profit exceeding $246,000, supported by recurring letting commissions and Body Corporate remuneration exceeding $148,000 annually.
2. Long term 25 year agreements have 21 years remaining, providing substantial tenure security.
3. The 68 residence gated community includes 36 properties in the letting pool and consistently strong occupancy.
4. Day to day operations are manageable, primarily involving gardening, grounds maintenance and routine site management.
5. Additional gardening assistance is already engaged, supporting a balanced workload and lifestyle.
6. Detached three bedroom manager’s residence includes two bathrooms, second living area, office and two car spaces.
7. Private residence allotment includes a dedicated maintenance yard, workshop, storage and secure parking.
8. Additional income may be generated through repairs, maintenance and project management services.
9. The attractive, well presented Gold Coast location supports demand from investors and long term residents.
10. Suitable for experienced operators, first time buyers seeking straightforward operations, or families wanting a genuine detached home.

Management Rights Multiplier: 4.43
ROI Estimate: 12.31%