Runaway Bay, Queensland

$549,000

Property Description

Price Reduced Boutique permanent...Only 2.9 Multiplier, ideal for retiree young family or first timer

This is a very low multiplier on the business and represents excellent value for an attractive business in such a desirable location..... Well presented security gated complex in Runaway Bay. Only 18 townhouses in this complex and minimal common areas to maintain. The managers apartment is situated at the rear of the complex and has been fully refurbished to a high standard. It has excellent indoor / outdoor flow with spacious alfresco entertaining areas. A large light filled townhouse that presents like new and with plenty of fenced rear yard plus storage sheds. Pet friendly. Currently managed by one person. A great complex for a first timer to the industry or an excellent retirement income for those looking to down size. Net profit $44,000 Townhouse $419,000 management Rights $130,000. Total Price $549,000. To arrange an inspection or to receive additional information please contact the agent. Anna Liu 0421 794 797
anna@raas.com.au

Property Summary

Business Snapshot

Price: $549,000 Net Profit: $44,000 Remuneration / Body Corp Salary: $27,000

Managers Unit

Value of Managers Apartment: $419,000Bedrooms: 3

Complex Information

Complex Type: PermanentTotal Units in Complex: 18Total Units in Letting Pool: 9Holiday Units: 9Owner Occupy Units: 6Agreement Term Remaining: 18 years

Marketing Agent


Marketing Agency

RAAS Group

Anna Liu
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Runaway Bay, Queensland 4216 Exact map location not provided

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