Landmark tower in Runaway Bay offering lifestyle and a boaties paradise. | Resort Brokers ID : MR008515

$2,100,000

Permanent Management Rights, RUNAWAY BAY QLD

ResortBrokers presents a unique opportunity to acquire a management rights business in a landmark 29-story tower in Runaway Bay. Comprising 109 apartments, this property offers a lifestyle with superb Broadwater, ocean and mountain views, and facilities including indoor and outdoor pools, spa, sauna, gym, tennis court, function room and barbeque areas. The package includes a stunning marina frontage manager's residence and an attractive salary package, with the added bonus of captured apartment sales. Ideal for those seeking a balance of work and leisure.

- Constructed by renowned MacMaster Constructions in 1990, Bayview Tower stands as a magnificent architectural marvel.
- Comprising 109 apartments, including four sub-penthouses and two penthouses, the 29-story tower is a testament to luxury living.
- Offering a range of facilities including a heated indoor and outdoor pool, heated spa, sauna, gymnasium, tennis court, function room and three Barbeque areas, Bayview Tower is a lifestyle destination.
- Residents are treated to superb Broadwater, ocean and mountain views, enhancing the appeal of Bayview Tower.
- Featuring a stunning marine and water view manager's residence with three bedrooms, two bathrooms, two car spaces and an office on title, the property offers a luxurious living experience.
- Minimal and non-labour-intensive duties make this an ideal investment for those seeking a balance of work and leisure.
- An attractive salary package, with the added bonus of captured apartment sales, makes this a lucrative investment opportunity.
- Inspections are strictly by appointment only
Date updated: 10 Feb 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: $2,100,000
Net Income: $ 203,379 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 1,200,000
_{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: 6
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 100
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 3
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 109
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 199,340
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 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: 9am - 1pm
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 3 2

Included Real Estate: $ 1,200,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

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: