Runaway Bay, Queensland

GLAMOUROUS, ELEGANT PERMANENT COMPLEX IN THE PERFECT LOCATION!!

SOLD

Business Description

GLAMOUROUS, ELEGANT PERMANENT COMPLEX IN THE PERFECT LOCATION!!

The facilities available in this complex are 5 STAR and are presented in the most inviting and professional manner. It is one of those complexes that MUST be seen to be appreciated and it allows the astute buyer a substantial income whilst living in luxurious surroundings.

The managers apartment is glamourous and situated on the 3rd floor with views of the magnificent Broadwater and Wavebreak Island. Two ensuited bedrooms, spacious lounge, separate dining room and well-appointed kitchen, superb quality finishes throughout.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $220,000 Remuneration / Body Corp Salary: $166,000

Managers Unit

Value of Managers Apartment: $800,000Office: On Title

The managers apartment is glamourous and situated on the 3rd floor with views of the magnificent Broadwater and Wavebreak Island. Two ensuited bedrooms, spacious lounge, separate dining room and well-appointed kitchen, superb quality finishes throughout.

Complex Information

Complex Type: PermanentTotal Units in Complex: 101Total Units in Letting Pool: 12Permanent Units: 12Owner Occupy Units: 73Outside Agent Units: 5Indoor Pool: YesSauna: YesGames Room: YesBBQ Area: YesWIFI: YesFunction Facilities: YesMarina Berth: Yes

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. Luxurious and elegant permanent complex in a highly sought after location.
2. 5-star facilities and amenities presented in a professional and inviting manner.
3. Potential for substantial income for an astute buyer.
4. Manager's apartment situated on the 3rd floor with stunning views of the Broadwater and Wavebreak Island.
5. Two ensuited bedrooms, spacious lounge, separate dining room, and well-appointed kitchen with high-quality finishes.
6. Manager's apartment valued at $800,000.
7. On-site office included in the sale.
8. Complex type is permanent with a total of 101 units.
9. 12 units in the letting pool, all permanent.
10. Majority of units are owner-occupied, providing stability for the complex.
11. Outside agent units make up only 5 of the total units.
12. Impressive amenities including an indoor pool, sauna, games room, BBQ area, and function facilities.
13. Additional features such as WIFI and a marina berth.
14. Potential for growth and increased income with effective management.

Management Rights Multiplier: 4.32
ROI Estimate: 23.16%