Burdell, Queensland
Business Only Management Rights: Townsville - Off the Plan Price Reduced
$325,000 - Business Only
Business Description
Introducing a prime opportunity to secure management rights for the brand-new Northshore Apartments in Townsville, a 48-unit development by Heran that offers excellent potential for growth. With a strong letting pool of 43 units and an estimated net profit in the range of $130,000 to $140,000, this off-the-plan opportunity is perfectly positioned for future success.
The management rights come with a body corporate salary of $48,000, and with Northshore Apartments being a new building, you will benefit from full-term, new agreements being entered into before settlement, providing you with a secure and stable income stream from day one.
Prime Location with High Demand Potential
Northshore Apartments is strategically positioned in Burdell, a suburb that directly feeds into the growing employment hub of Townsville and surrounding areas via Woolcock Street. The A1 is just minutes away, offering easy access to all employment locations across the greater Townsville area. The property’s close proximity to major shopping centers, education facilities, arterial roads, and public transport further enhances its appeal, ensuring strong, ongoing demand from tenants.
Business Only - No real estate to buy
Benefits of Investing in Off-the-Plan Management Rights
• Growth Potential: As the Townsville region continues to grow, the demand for quality accommodation in strategic locations like Burdell is expected to increase.
• Secure Income: Full-term, new agreements provide a stable and secure income stream.
• Modern Facilities: Being a new development, Northshore Apartments offers modern, high-quality facilities, reducing maintenance costs and appealing to tenants.
• Tax Benefits: Off-the-plan investments may offer significant tax advantages, including depreciation benefits.
This is an exceptional opportunity for a proactive manager looking to invest in a growth region with strong future potential. Contact us today to learn more about this unique investment opportunity at Northshore Apartments, Townsville!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $325,000 - Business Only
Net Profit: $130,000 Remuneration / Body Corp Salary: $48,000
Managers Unit
Bedrooms: 4Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 44Owner Occupy Units: 4Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
Key Insights:
1. Strong potential for growth with a high demand for quality accommodation in the growing employment hub of Townsville and surrounding areas.
2. Prime location in Burdell with easy access to major shopping centers, education facilities, arterial roads, and public transport.
3. Off-the-plan investment with full-term, new agreements providing a stable and secure income stream from day one.
4. Modern and high-quality facilities in the brand-new Northshore Apartments, reducing maintenance costs and appealing to tenants.
5. Potential tax benefits with off-the-plan investments, including depreciation benefits.
6. Proactive manager needed to take advantage of the growth potential in the region.
7. Business only management rights with no real estate to buy.
8. Net profit estimated to be in the range of $130,000 to $140,000.
9. Body corporate salary of $48,000.
10. Manager's unit with 4 bedrooms, 2 bathrooms, and 2 car spaces.
11. Permanent complex with a total of 48 units, 44 of which are in the letting pool.
12. Long agreement term of 25 years with the full term remaining.
13. Opportunity presented by Ras360, specialists in management rights, motels, hotels, pubs, and parks.
