Condon, Queensland

Secure 24-Year Agreement - Solid BC Salary | Resort Brokers ID : MR008253

$820,000

Business Description

ResortBrokers presents an exceptional opportunity to acquire a rock-solid, permanent management rights business in the thriving Townsville market.

With a recently topped-up agreement to 24 years, these management rights provides strong income potential and long-term security. The modern complex features 70 well-appointed apartments, strategically located near key amenities to drive high rental demand and sustained growth.

What sets this opportunity apart is the substantial income generated from the body corporate salary, which accounts for over 50% of the net profit, ensuring a reliable revenue stream. Additionally, the easy-to-manage, three-storey structure—without the need for lift maintenance—further enhances the efficiency of operations.

The manager’s residence is neatly appointed, while the complex itself offers great facilities, including a resort-style pool and barbecue area—boosting tenant appeal and ensuring consistently high rental returns.

Opportunities like this are rare—secure a high-performing, permanent investment in a booming rental market with strong returns, ease of management, and long-term financial stability.


- Recently topped-up 24-year agreement term ensuring long-term stability
- Significant upside potential through the conversion of externally managed units
- Substantial body corporate salary, contributing over 50% of net profit
- Low-maintenance, three-storey design with no costly lift upkeep
- Secure gated entry system, enhancing tenant appeal
- Prime location near transport links, sports facilities, retail and dining precincts
- Profitable, well-established business with flexible work conditions and strong income potential
- High-demand rental market, ideally positioned in a sought-after southern suburb
- Private inspections by appointment only
Date updated: 01 Apr 2025 22:00:02

Business Summary