Condon, Queensland

Well sought-after permanent management rights with high rental demand. | Resort Brokers ID : MR008253

$849,000

Business Description

ResortBrokers presents a prime opportunity to acquire the management rights to Riverway Point, a modern apartment complex in Condon, Townsville.

This investment offers a robust 18 percent ROI, secured by a 21-year agreement term. The complex, with 70 units, is strategically located near key amenities and offers the potential for substantial growth.

The manager's unit is well-appointed, and the complex includes a pool and barbecue area.

This is a profitable business in a high rental demand area, offering long-term stability and high-income potential.

- Secured by an extensive21-year agreement term.
- Opportunity for substantial bottom-line growth through the conversion of externallymanaged units.
- Strong 18% ROI, reinforced by a substantial body corporate salary.
- Efficient three-storey structure with no lift maintenance required.
- Enhanced security with a gated entry system.
- Strategically positioned near key transport routes, sports facilities, retail outlets, and eateries.
- Profitable management rights business in a prime location, offering long-term agreements, flexible work conditions, and high-income potential.
- Situated in a desirable southern area with a high demand for rentals.
- Inspections are by appointment only.
Date updated: 01 Dec 2024 22:00:06

Business Summary