Runaway Bay, Queensland

Management Rights $1,525,000

Property Description

Management Rights Opportunity in Superb Broadwater Location on the Gold Coast - 1P4145MR

* Well established Management Rights in Absolute Waterfront position.
* 72 apartments total, over two buildings, with single Body Corporate.
* Very Spacious 3 bedrooms 2.5 bath Manager's Apartment enjoying wonderful close-up water views.
* Separate Office / Reception and Sizeable Storage - all on title.
* Mixed Letting with solid rental demand and majority of apartments upgraded.
* Manageable duties with a pro-active and supportive Body Corporate.
* Residents enjoy 2 pools, 2 Saunas and Tennis Court.
* A Superb Living and Working environment in a sought after location beside the sparkling Broadwater.
* Accountant's P&L for the Business and Registered Valuation for Manager's Lot.

Net Profit – $196,000
Business -- $900,000 ( 4.6 x Multiplier )
Manager's Lot $625,000 – Incl. Office/Reception and Storage all on Title.
Total Price - $1,525,000

Property Summary

Business Snapshot

Price: Management Rights $1,525,000 Net Profit: $196,000 Remuneration / Body Corp Salary: $96,690Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $625,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On Title
Very spacious 3 bedrooms, 2.5 bath waterfront manager's apartment, separate laundry, enjoying wonderful close-up views. Separate office/reception and sizeable storage all on title. Secure car space.

Complex Information

Complex Type: n/aTotal Units in Complex: 72Total Units in Letting Pool: 26Holiday Units: 13Permanent Units: 13Owner Occupy Units: 39Outside Agent Units: 6Manager Units: 1Agreement Term Remaining: 10 yearsPool: YesSauna: YesTennis Court: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Gold Coast/Brisbane

Marketing Agent


Marketing Agency

CRE Brokers

Jim Lowe
CRE Brokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Runaway Bay, Queensland 4216 Exact map location not provided

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