Runaway Bay, Queensland

A BLUE SKY OPPORTUNITY TO TURN THIS AROUND

$1,194,000

Property Description

BIG BC SALARY, CAN LIVE OFF SITE AND NO SET OFFICE HOURS. BECAUSE OF COVID owner had to turn 10 apartments into permanent. Bookings were still coming in but he had to make that decision. SO, you are buying a permanent which in about 6-12 months can be turned back into holiday again. The income first advertised Pre COVID was 203 Nett, so you are paying for a 140K net (101K BC Salary) Great opportunity for the astute operator.

A great opportunity to live amongst the Tranquil waterfront aspect of Runaway Bay. If you have ever pictured having a boat at your doorstep and your business, this is it!!! Walk to the Broad-water and cafes. Can live off site and rent Managers unit out


All in all this complex and managers unit is considerably larger than usual making it very attractive. The managers unit is a 3 bedroom 2 bathroom and has been renovated including the office and foyer and comes with its own marina berth.

The numbers are as follows:
Unit Price: $585,000
Net Income: $140K
Business Price: $694,000
Total Price: $1,194,000

15 YEARS TO RUN

call KERRIE LUSH ----------
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Property Summary

Business Snapshot

Price: $1,194,000 Net Profit: $140,000

Managers Unit

Value of Managers Apartment: $585,000Office: On Title

Complex Information

Complex Type: Resort/HolidayTotal Units in Complex: 53
Marketing Agent
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