All Class in Runaway Bay - ID 8384

$2,100,000

Permanent management rights, Runaway Bay QLD

Permanent Management Rights For Sale
Prestigious Comlex on The Broadwater with Marina

- Attractive Net Profit exceeding $200,000
- Comfortable workload ideal for a working couple
- Stunning 3-bedroom managers residence with expansive marina views
- Supportive, proactive Body Corporate committee
- Office on title
- Ample visitor parking
- Upside potential with 3 external rental units not currently in the letting pool
- Additional income opportunities through future apartment sales

After almost 10 successful years of ownership, the retiring vendors have made the decision to offer this iconic management rights business to the market.
The business delivers a strong, reliable income while maintaining a manageable workload, making it ideally suited to a professional working couple seeking financial security combined with an enviable marina-side lifestyle. The included three-bedroom managers residence is spacious, ground-floor, and boasts sweeping water views offering both comfort and prestige. With a solid committee, established systems, and clear growth potential, this is a rare opportunity to secure a quality management rights business in a desirable waterfront setting.

Opportunities of this calibre are tightly held and rarely offered. Enquire today for further details.

Net Profit: $219,000
Asking Price: $2,100,000
(Inclusive of Manager's Real Estate)

More Information

Financial Overview

Total Purchase Price: $2,100,000
Net Income: $ 219,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,250,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: 3.9
_{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.}

Letting Business

Letting Pool: 6
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 93
_{Number of units resided in by their owners.}

Lock Ups: 8
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 110
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 204,639
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 9 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 29 years
_{How long has the management rights existed.}

Office Hours: As per agreements
_{Required Office Hours}

Complex Features: Swimming pool, spa, sauna, full tennis court, BBQs, security parking, gym, storage, Cable TV, Wi-Fi

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,250,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: Ground floor residence, 3 bedrooms, 2 bathrooms, open plan living dining, views to the marina, partially air conditioned, one secure parking space, additional parking spaces available for rent if required.