Enviable lifestyle with
a reliable cashflow$400K MR Business + Offers over $1.375M Villa
Morala Avenue, Runaway Bay Ideal for a semi retired couple or for a young family seeking a reliable second income stream, this stunning, waterfront, 3 bedroom villa with caretaker's salary is exactly what you are looking for!
Holiday every day with "east-to-water" views over your own pontoon and wide-water canal. A superb location within Runaway Bay, a highly desirable family locale.
At Mornington Quays you will be surrounded by greenery and water aspects giving a feeling of privacy with tranquility. Easy access to public transport, Runaway Bay and Harbour town shopping centres along with many restaurants, coffee shops and local schools, all within a short walk or drive.
Villa Features
- Master retreat with walk in robe, spacious ensuite with double vanity and shower
- Two extra generous sized bedrooms with built in robes
- Chef's kitchen with granite bench tops and an electric cooktop
- Spacious upstairs lounge with panoramic view of the wide canal water
- Three separate living spaces throughout the residence
- Decked and paved waterfront outdoor entertaining area including deck lounge, dining and occasional / reading nook
- Two split reverse cycle air conditioning units
- High ceilings, quality window fittings & large floor tiles
- Shared pontoon with power & water to accommodate a large boat
- Double lockup garage and adjacent visitors parking
- Downstairs powder room
- Body Corp Levies - $1,849* quarterly
- Council general rates - $977* bi-annually
- Council water and sewer rates - $415.18* quarterly
Complex Features - Only 10 minutes to The Broadwater and only 20 minutes to the Seaway
- Marina Boardwalk
- Tennis court and cabana
- Pool
- Pet friendly complex
Management Rights business - $88,988pa* (ex GST) current Caretaker salary
- No fixed hours; Do the caretaker's duties on your schedule
- Salary review annually - CPI mechanism every September
- Long term Caretaker agreement (expiry 28 September 2033)
- No letting pool however your discretion to develop onsite letting
- 35 villas / lots in complex
- Supportive committee with committee meetings historically only 3 times a year
*Approx.
Please contact Craig Cornish to receive a full information package and or arrange an inspection.
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