Runaway Bay, Queensland

$1,350,000

Property Description

BROADWATER MANAGEMENT RIGHTS FOR SALE

CAN LIVE OFF SITE AND NO SET OFFICE HOURS. 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 Broadwater and cafes.

This business has a comfortable letting pool consisting of 13 permanent and 10 holiday units with a good body corporate salary. In addition to the letting and caretaking there is further income from the sub letting of marina berths on a permanent basis. As always there is certainly additional upside to increase the letting pool and marketing for further nett profit.

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 recently renovated including the office and foyer and comes with its own marina berth.

The numbers are as follows:
Unit Price: $540,000
Net Income: $203,228
Business Price: $810,000
Total Price: $1,350,000

15 YEARS TO RUN

call KERRIE LUSH 0416 084 693
kerrie@raas.com.au

Property Summary

Business Snapshot

Price: $1,350,000 Net Profit: $203,228 Remuneration / Body Corp Salary: $101,092

Managers Unit

Value of Managers Apartment: $540,000Bedrooms: 3

Complex Information

Complex Type: ResortTotal Units in Complex: 53Total Units in Letting Pool: 23Holiday Units: 23Owner Occupy Units: 29Agreement Term: 25 yearsAgreement Term Remaining: 15 years

Marketing Agent


Marketing Agency

RAAS Group

Kerrie Lush
RAAS Group

Phone

Listing Tools

This listing last updated: 23rd September 2019

Property Map

Map Location ( get directions )

Runaway Bay, Queensland 4216 Exact map location not provided

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