Highly motivated vendor has reduced the price to only $505,000. This is a very low multiplier on the business and represents excellent value for an attractive business in such a desirable location….. Well presented security gated complex in Runaway Bay. Only 18 townhouses in this complex and minimal common areas to maintain. The managers apartment is situated at the rear of the complex and has been fully refurbished to a high standard. It has excellent indoor / outdoor flow with spacious alfresco entertaining areas. A large light filled townhouse that presents like new and with plenty of fenced rear yard plus storage sheds. Pet friendly. Currently managed by one person who works off-site for most of each week. A great complex for a first timer to the industry or an excellent retirement income for those looking to down size. Net profit $38,000 Townhouse $390,000 management Rights $115,000 Total Price $505,000. To arrange an inspection or to receive additional information please contact the agent. Steve Gracie 0406686383 steveg@raas.com.au