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Lifestyle in paradise!
$1,549,000
Permanent management rights, Runaway Bay QLD
Welcome to a little slice of Paradise!
Runaway Cove is a sought after & prestigious gated community with a wait list for tenants and buyers alike to get in! Offering a resort style location & amenities with grand gated entrance with CCTV security it beckons you into its
* Wide open spaces with beautiful landscaping to enjoy walking & meeting neighbours.
* Pool's, magnesium well being spa, tennis court, gym, BBQ and plenty of casual seating to unwind and relax.
* Private boat ramp & trailer parking to enjoy the Broadwater and Ocean beyond!
* Most houses located on the water with idyllic views of the canals and Hinterland beyond.
Runaway Cove is now being offered for sale directly by the current owners after having spent 5 years enjoying & investing in scheduling systems & machinery to help maximise efficiencies to ensure an idyllic work life balance can be enjoyed by the next owners. With no set office hours your daily plan is entirely down to your own design!
Full training will be provided by the current owners to ensure you continue to enjoy the multiple revenue streams on offer such as caretaking, rental pool, house sales & other miscellaneous income opportunities. A true lifestyle opportunity in an idyllic setting awaits!
Feel free to make contact should you have any questions or wish to inspect.
More Information
- Total Purchase Price: $1,549,000
- Net Income: $ 160,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 1,050,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?