Runaway Bay, Queensland

Management Rights $1,120,000

Property Description

Northern Gold Coast - Management Rights - Quality Permanent - 1P4263MR

* High quality, gated Town House / Villa complex in a prime northern Gold Coast location with total of 70 properties including waterfront canal homes.

* Secure business with approx. 80% of income coming from Body Corp salary, plus a small letting pool with high rental demand.

* Long term agreements – Accom. module

* No set office hours. Pet friendly complex.

* Large 3 Bed / 2.5 Bath Manager's Villa with double garage. Separate, exclusive use Manager's office and storage plus double bay storage shed and at least 2 extra parking spaces (ideal for boats or extra vehicles).

* Ideal for those looking for a healthy outdoor lifestyle in beautiful surroundings, with facilities including lagoon style swimming pool, spa, gymnasium, tennis Court, BBQ area and boat ramp.

* 17/18 year P & L prepared by Industry Accountant.


Net Profit : $135,464
Business : $540,000 ( 4 x Multiplier )
Manager's Lot : $580,000

Total Price $1,120,000

Property Summary

Business Snapshot

Price: Management Rights $1,120,000 Net Profit: $135,464 Remuneration / Body Corp Salary: $109,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $585,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: n/aTotal Units in Complex: 70Total Units in Letting Pool: 12Permanent Units: 12Owner Occupy Units: 57Outside Agent Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 16 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesMarina Berth: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, B:MOTEL, 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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