Management Rights - Runaway Bay, QLD

Runaway Bay, QLD

$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
Financial Overview

Body Corp Salary:
101092
Anniversary Of Body Corporate Salary:
Body Corporate Salary Review:
September
Net Profit:
$203,228
Manager's Unit Price:
$540,000
Management Rights Price:
$810,000
Letting Business

Est. Year Built: 1988
Total Units In Complex: 53


Inside Letting Pool

Permanent: 13
Holiday: 10
Corporate: N/A
Total: 23

Outside Letting Pool

Lock Up: N/A
Outside Agents: 0
Self Managed: 0
Owner Occpd: 29
Total: 29

Number & Type In Letting Pool
Number Type Features
23 2 Bed Apartments Air Conditioning, 1 Double Bed and 2 Singles
0 Bed
0 Bed
Tariffs

Booking Type Details
Permanent
Corporate
Holiday
Manager's Unit & Office

Manager's Unit Size: 3 Bedrooms , 2 Bathroom
Office Reception: Exclusive Use, Large and completely renovated
Office Software: Hirum
Office Hours: 8:30am - 5:30pm Monday to Friday 9:00am - 3:00pm Saturday
Storage: Plenty of Storage on Exclusive Use
Office Computer: 1 Desktop approximately 3 years old
Module: Accommodation
Agreement Term: 25
Years To Run: 15
Manager's Unit Description: A larger than average 3 bedroom apartment which has been recently completely renovated with a great open plan feel.

Facilities

Pool: Yes
Spa: Yes
Gym: No
Tennis Court: No
Sauna: No
Foxtel: Yes
Cable Installed: Yes
Pets Allowed: Yes
Barbeque Area: Yes
Wireless: No

Other Facilities: Marina Berths are available with direct access to the Broadwater.. These are tenanted for additional income.

Property Agent

Kerrie Lush

Kerrie Lush

Phone: 0416 084 693
Office: 1300 282 370

Email Listing Agent

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