Modern Gated Community Offering Lifestyle&Long-Term Income

$475K MR&$870K UNIT = Total $1.345M

Permanent Management Rights, RUNAWAY BAY QLD

Limetree Waters East presents an exceptional opportunity to secure a high-performing management rights business in one of the Gold Coasts most desirable waterfront locations. Situated in Runaway Bay, this gated community offers direct access to the Broadwater via a private marina, combining lifestyle appeal with a secure, stable income stream.

The complex comprises 49 well-presented 3 bedroom townhouses and enjoys a body corporate salary of $125k, which accounts for the entirety of the net profit. This currently structure insulates the business from fluctuations in letting performance, while offering clear potential to grow net profit by growing the letting pool by capturing units currently managed by outside agents, self-managed owners and lock-ups.

Operational demands are minimal, with very light caretaking duties that can easily be handled by 1-2 people. There are no set office hours and an office is included on title. A supportive body corporate has had a top-up motion submitted for consideration at the September AGM, which, when passed, will extend the remaining agreement term to 19 years, providing valuable long-term security for the incoming operator.

Residents enjoy resort-style amenities including a large swimming pool and barbecue facilities, along with a 17 berth marina with direct access to broadwater. The location offers walking distance to Harbour Town Shopping Centre, cafes, restaurants and public transport, with quick access to the M1 motorway.

This opportunity will appeal to both experienced operators seeking a secure income base and lifestyle buyers wanting a low-maintenance waterfront business with strong growth potential.

**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

More Information

Financial Overview

Total Purchase Price: $475K MR&$870K UNIT = Total $1.345M
Net Income: $ 125,000 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 870,000
_{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.}

Letting Business

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

Owner Occupiers: 38
_{Number of units resided in by their owners.}

Lock Ups: 2
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 9
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 49
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 125,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 19 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No Office Hours
_{Required Office Hours}

Complex Features: The complex boasts standout amenities including secure access, a large swimming pool, barbecue area and a private marina with available berths.0