Condon, Queensland

Exceptional Townsville Permanent Management Rights - Low 2.5 Multiplier

$817,500

Business Description

Hotel Resort Sales presents an excellent opportunity to acquire a quality permanent management rights business within a modern, low-rise gated apartment complex, located in one of Townsville’s most desirable residential precincts.

The complex comprises 70 lots, with 29 currently in the letting pool and a further 16 managed by external agents, presenting strong upside potential for incoming owners. A solid body corporate salary of $96,809 + GST, with a further CPI increase scheduled for April, will provide additional income growth to the new owners.

With 24 years remaining on agreements, a very supportive body corporate, and a proven history of top-ups this management rights business offers long term security.

This well-designed three-storey walk-up complex features a central resident hub with an outdoor swimming pool and barbecue area, along with a dedicated manager’s office for your exclusive use.

The two bedroom, two-bathroom apartment features open-plan living, contemporary appliances, air conditioning, a private covered patio, and undercover parking, offering exceptional buying at $440k.

Perfectly positioned, this complex is located close to major arterial roads, public transport options, recreational precinct, sporting facilities, retail hubs, and dining options.

This high-performing permanent complex ticks all the boxes, and with a low 2.5 multiplier this business is priced to sell!

Key Features:

* Long-term security with 24 years remaining on agreement
* $96,809 + GST Body Corporate salary with CPI increase scheduled for April
* 18% ROI on entire investment or 40% ROI on business purchase
* 70 lots | 29 in letting pool with upside to secure 16 external lets into letting pool
* Exceptional priced manager’s unit at $440k
* Efficient three-storey walk-up complex (no lift)
* Secure gated community with pool, BBQ area & office
* Supportive Body Corporate with history of top-ups
* Strong rental demand in a high-growth Townsville location

Contact Rebecca today for further information.

Net Profit: $151,841

Property Code: 121

Business Summary

Business Snapshot

Price: $817,500 Net Profit: $151,841 Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $440,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: Exclusive UsePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Complex: 70Total Units in Letting Pool: 29Owner Occupy Units: 24Outside Agent Units: 16Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesBBQ Area: Yes

Marketing Agent

Rebecca Johnson

Hotel Resort Sales

Key Investment Insights

1. Low 2.5 multiplier, listed price $817,500, positioned as a value sale.
2. Net profit $151,841, indicating solid current earnings.
3. Stated ROI 18% on entire investment, 40% on business purchase, showing attractive returns.
4. Body corporate salary $96,809 plus GST, with CPI review scheduled for April, providing indexed income growth.
5. Long-term security with agreements of 25 years and 24 years remaining.
6. 70-lot permanent complex with 29 units in the letting pool and 16 externally managed units, presenting clear upside to grow the letting pool.
7. Manager’s apartment included, valued at $440,000, two bedrooms, two bathrooms, private covered patio and undercover parking.
8. Well‑designed three-storey walk-up complex with exclusive manager’s office, central resident hub, outdoor pool and barbecue area; secure gated community.
9. Efficient operational setup implied by exclusive office use and history of body corporate top-ups, signalling cooperative governance.
10. Strong location appeal, close to major arterial roads, public transport, recreational precinct, sporting facilities, retail hubs and dining options.
11. High local rental demand and a high-growth Townsville location, supporting ongoing occupancy and revenue.
12. Manager’s unit allows owner-occupancy or rental flexibility, pets permitted, enhancing appeal and practical live-in management options.

Management Rights Multiplier: 2.49
ROI Estimate: 18.57%