Waterfront Management Rights â Lifestyle & Income Combined

$1,582,000

Permanent management rights, Runaway Bay QLD

Permanent Management Rights for Sale

A rare opportunity to secure management rights in the prestigious Runaway Cove Villas, a gated waterfront community. Enjoy a strong income while managing a well-established complex with efficient systems in place, all within a resort-style setting.

Business Highlights:
- Net profit of $151,202 with 20 years remaining on agreements.
- Streamlined operations with reduced workload and efficient systems.
- No set office hours, providing ultimate flexibility.

Resort-Style Complex:
- Stand-alone cottages, townhouses, and luxury waterfront homes.
- Lagoon-style pool, magnesium spa, gym & tennis court.
- Private boat ramp & secure gated entry.

Managers Residence:
- Spacious 3-bedroom, 2.5-bathroom villa.
- Modern open plan living, gourmet kitchen, and private courtyard.
- Double lock-up garage and exclusive-use gatehouse.

This is the perfect opportunity for those seeking financial security and a dream waterfront lifestyle. Enquire now!

Net Profit: $151,202
Asking Price: $1,582,000

More Information

Financial Overview

Total Purchase Price: $1,582,000
Net Income: $ 151,202 (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: 3.5
_{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: 11
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 77
_{Number of units resided in by their owners.}

Lock Ups: 1
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 2
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 90
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 134,200
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 20 years
_{How long is the caretaking contract.}

Agreement Remaining: 20 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 26 years
_{How long has the management rights existed.}

Office Hours: No set office hours
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

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.}

Manager's Car Spaces: 2

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: