Runaway Bay
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Management Rights
- Permanent Complex Type
- 23 Letting Pool
- $67,248 Remuneration
- $110,543 Net Profit
- $450,000 Manager's Unit
- BBQ, Pets Allowed, Pool Features
Property Description
BOUTIQUE BUILDING - NO REQUIREMENT TO LIVE ON-SITE
Great canal location with access to the beautiful Gold Coast Broadwater. Runaway Bay Shopping Village is a short walk as are other amenities. The quality residential apartment building is a mixture of long-term tenants and owner occupiers. Approximately 13 years old, this Management Rights is easily managed. Quality apartment building with low maintenance gardens. A solid term remaining on the Management Agreements of 20 years with current Body Corporate Salary of $67,000 plus GST, increasing yearly by CPI. Very supportive Body Corporate committee. Manager's apartment is currently tenanted.
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