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Landmark Management Rights with Marina-Front Residence&Significant BC Salary
$850K MR&$1.250M Unit = Total $2.1M
Permanent Management Rights, RUNAWAY BAY QLD
A rare opportunity to secure the management rights to Bayview Tower an iconic 29-storey waterfront building in the tightly held suburb of Runaway Bay. With a premium location directly on the marina and breathtaking views of the Broadwater, ocean, and hinterland, this is an ideal opportunity for those seeking a lifestyle change supported by a strong, stable income. Perfect for couples, sea-changers, or experienced operators looking to downshift without compromising earnings.
A major highlight is the beautifully renovated, marina-front managers residence a spacious 3-bedroom, 2- bathroom apartment with modern nishes, private marina views, one secure car space, and an on-title oce. This apartment oers an enviable combination of lifestyle and functionality.
The business oers a signicant body corporate salary of $219K (increasing annually with CPI), long-term agreements, and the backing of a proactive, supportive committee. Manageable caretaking duties encompass established grounds and office hours of 8am-1pm Monday to Friday and access to onsite apartment sales add to the income potential.
Constructed by respected builder MacMaster Constructions, the complex features 109 apartments, including luxury sub-penthouses and penthouses. Residents enjoy a host of rst-class facilities, including heated indoor and outdoor pools, spa, sauna, gym, tennis court, function room, and BBQ areas.
Inspections by appointment only.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $850K MR&$1.250M Unit = Total $2.1M
- Net Income: $ 219,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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