Runaway Bay complex, Low Maintenance, Secure Income and long term agreements

Secure income stream with minimal operational demands in sought-after Runaway Bay. The business generates a net profit of $131,888, with body corporate salary of $92,232 providing 70% of total income and reducing reliance on letting performance. The accommodation module agreement carries 23 years remaining following a recent top-up, demonstrating body corporate confidence and securing long-term tenure.

The gated complex comprises 42 lots across six, 3 story walk-up apartment blocks, with a manageable letting pool of 12 permanent tenancies. Caretaking duties focus on pool, barbecue area and gym, making this suitable for first-time buyers or experienced operators seeking a scaled back lifestyle change.

The three-bedroom manager's residence includes two bathrooms, powder room, two-car garage plus office and great yard space for the kids.

Runaway Bay's location provides convenient access to Harbour Town shopping centre, local retail precincts and quality primary schools, supporting demand from families and retirees.