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Permanent Management Rights Complex, Runaway Bay

Management Rights

ActivePropertyQueenslandB2C
Asking price
$1,196,545
Disclosed · AUD
Revenue
Earnings (est.)
~$203,049
Estimated · comparable listings of this type and size
Implied multiple (assumed)
~5.9×
Assumed · asking ÷ estimated earnings (as advertised)
Brief
  • Management rights business plus associated real estate in Runaway Bay
  • Gated estate of 70 modern townhouses and cottages built around the canals
  • Managers hold 12 properties in their letting pool plus 2 extra units offsite
  • Healthy body corporate salary with no office hours in the agreement
  • Property has swimming pool, spa, BBQ area, tennis court and gym
  • Managers residence is a 3 bed, 2.5 bath townhouse with double lock up garage