Key Investment Insights
AI generated. Confirm details with the seller.
1. Brand-new permanent management rights for Northshore Residences, Burdell, Townsville, covering a luxury residential development of 48 lots.
2. Net profit approximately $130,000 per annum, indicating a strong income stream for a management rights business.
3. Body corporate salary $48,000 plus GST, with CPI annual reviews, providing recurring guaranteed remuneration.
4. Letting pool comprises 43 of 48 units, demonstrating high leasing penetration and revenue potential from short- to medium-term rentals.
5. Current advertised weekly rents $430–$450, providing clear market rental rates for income modelling.
6. 25-year accommodation agreement, full 25 years remaining, offering long-term contractual security.
7. Accommodation consists of brand-new luxury four-bedroom villas, implying modern, low-maintenance stock attractive to families and professionals.
8. Prime location just off Woolcock Street with direct A1 highway connectivity, supporting commuter access across the wider Townsville region.
9. Strong local amenity catchment, including two major shopping centres (North Shore Shopping Centre and Stockland Townsville), medical services, health and wellness providers, retail, casual dining and takeaway options.
10. Onsite communal features include a pool and BBQ area, adding resident amenity and letting appeal.
11. Turnkey operational opportunity suitable for first-time or experienced operators, emphasising new construction and low-maintenance management.
12. Listing shows price $324,900, while the business snapshot indicates Price: SOLD, signalling this opportunity may no longer be available.
