Burdell, Queensland
Newly Built Permanent Management Rights Opportunity - Northshore Residences Townsville (Business Only)
SOLD
Business Description
This is an outstanding opportunity to secure permanent management rights to a brand-new luxury residential development in one of Townsville's fastest-growing communities. Located in the highly sought-after Northshore Residences in Burdell (Townsville), this management rights business presents strong income with no unit to managers to purchase.
Key Features:
- Net Profit $130k *Approx.
- BC Salary: $48,000 + GST
- Total Lots: 48
- Letting Pool: 43
- Current Weekly Rents: $430–$450 per week
- 25 Year Agreement
- Accommodation: Brand-new luxury 4-bedroom villas
Northshore Residences is ideally positioned to benefit from consistent tenant demand due to its proximity to major employment, education, and retail hubs. Situated just off Woolcock Street, Burdell offers seamless connectivity to the wider Townsville region via the A1 highway, making it highly attractive for professionals and families alike.
The surrounding area is a hub of convenience, featuring two major shopping centres—North Shore Shopping Centre and Stockland Townsville—plus a wide range of essential amenities including medical services, health and wellness providers, retail stores, casual dining, and takeaway options.
Whether you’re a seasoned operator or entering the management rights space for the first time, this turnkey opportunity offers modern, low-maintenance residences and a reliable income stream in a thriving community.
Call Rebecca for further information.
Net Profit: $130,000 *Approx.
Price: $324,900
Property Code: 72
Business Summary
Business Snapshot
Price: SOLD
Remuneration / Body Corp Salary: $48,000Business Value: $416,400Body corp salary review: CPI Annually
Complex Information
Complex Type: PermanentTotal Units in Complex: 48Total Units in Letting Pool: 43Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesBBQ Area: Yes
Key Investment Insights
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.
