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Business Only with Minimal Facilities
$210,000
Permanent Management Rights, RUNAWAY BAY QLD
This is a rare opportunity to secure the business-only management rights for a boutique residential complex in the heart of Runaway Bay. With just twenty-three apartments in the building and only five in the letting pool, this is a manageable, lifestyle-friendly operation. The location is a major drawcardmoments from the Broadwater with its waterfront parklands, walking tracks and recreational areas, and close to shops, restaurants and public transport.
This modern three-storey walk-up complex delivers a relaxed coastal lifestyle without the demands of a larger scheme. Residents enjoy a central swimming pool, well-maintained gardens and a barbecue area. The Body Corporate handles pool maintenance, taking care of one of the more time-consuming caretaking tasks. With no bins to manage and no office hours to keep, the day-to-day workload is straightforward.
The business is underpinned by a reliable Body Corporate salary and steady letting income. The 2025 financial year shows a net profit of $63,103a strong return for minimal effort. Expenses are low, and with a compact letting pool, there's genuine upside potential as more apartments enter the rental market over time. This setup suits either an experienced operator looking for a low-maintenance addition, or a newcomer who values lifestyle and location over long hours.
What sets this opportunity apart is the balance it strikes between ease of operation and quality of life. Residents benefit from an onsite caf and the community feel of a boutique complex, while the Runaway Bay location offers shopping centres, marinas, Harbour Town and M1 access. It's a lifestyle-driven business that combines profitability with simplicityopportunities like this in such a sought-after coastal area are increasingly rare.
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $210,000
- Net Income: $ 63,103
(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: 3.3
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