Runaway Bay, Queensland

$940,000

Property Description

Business For Sale - Permanent Waterfront Management Rights - ID 8588 BL

- Great Business at Runaway Bay
- Management Rights For Sale
- 4 storey permanent letting management rights
- 36 x 1 bedroom units, all air conditioned
- Waterfront property, some units have views
- Security parking, swimming pool and BBQ
- Minimal garden and lawns, easy to run
- Currently managed by a single person
- Quiet location close to shopping centre
- Long agreements, office on title
- No set office hours and REI Master software
- Very well presented complex in popular area. Would suit single operator or semi retired couple. Lovely one bedroom residence. The building has recently been painted. Be quick as this one will sell.

Net Profit: $126,421
Asking Price: $940,000
(Inclusive of manager's real estate)

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

Exclusive Broker
Warren Oliver

Property Summary

Business Snapshot

Price: $940,000 Net Profit: $131,000 Remuneration / Body Corp Salary: $57,589

Managers Unit

Value of Managers Apartment: $330,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: No
Located on the ground floor, Open plan living, Stainless steel appliances, Large patio for outdoor living, Two large storage cages

Complex Information

Complex Type: PermanentTotal Units in Complex: 46Total Units in Letting Pool: 36Permanent Units: 36Owner Occupy Units: 5Outside Agent Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesBBQ Area: Yes

Marketing Agent


Marketing Agency

MR Sales

Warren Oliver
MR Sales

Phone

Listing Tools

Property Map

Map Location ( get directions )

Runaway Bay, Queensland 4216 Exact map location not provided

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