Kirwan, Queensland
Huge Income and even more potential
$1.403M MR & $649k Unit = Total $2.052M
Business Description
Great $294k Body Corporate Salary for peace of mind with an established letting pool and property sales to drive the total income even higher
⭐KEY HIGHTLIGHTS:
💰 Approx. $338k Nett Profit
plus 2 new letting appointments not included in the revenue deliver another $5k plus in commission income
💼 Business Price: $1,403,000
📈 Business Return on Investment 24%+
🏡 Manager's Residence: $649,000
💵 Total Investment: $2,052,000
📈 Total Return on Investment: 16%+
📋• Body Corporate Salary: Approx. $294k per annum
📅• 22 Years Remaining on Accommodation Module agreements
🏡• 133-House Residential Community
🔑• 30 Properties in the established letting pool - recently secured two more, growing the income for 2026/27
- 24 Inside the complex
- 6 Outside the complex
📈• Secure income with genuine future growth potential
💼• Over $5.2 million in in-complex property sales during the 2025/26 financial year
✓ Combining secure recurring income, long-term agreement security and multiple income opportunities, this business will appeal to both owner-operators and investors seeking a quality Management Rights asset.
Situated in the popular suburb of Kirwan, Royal Palms comprises 133 quality homes within a well-maintained gated community, with 28 properties currently in the letting pool. The business benefits from efficient day-to-day operations, a substantial Body Corporate salary and an established letting business, delivering an attractive work/life balance together with secure recurring income.
With approximately 20 rental properties currently managed by outside agencies, there is a clear opportunity to expand the letting pool and grow recurring management income.
A key point of difference is the additional income potential available through in-complex property sales. During the 2025/26 financial year, property transactions within Royal Palms exceeded $5 million, demonstrating an active marketplace and providing a valuable opportunity for a licensed operator to generate additional commission income.
For buyers seeking a more passive investment, there is also the potential for the current onsite managers to remain in place under an agreed management arrangement, providing flexibility for purchasers who wish to benefit from the business without undertaking the day-to-day operational role.
Businesses offering secure income, long agreement terms, multiple revenue streams and genuine operational flexibility are rarely available. Royal Palms represents an outstanding opportunity to secure a premium Management Rights business in one of Townsville's strongest residential markets.
** Ras360 Property Solutions – Specialists in Management Rights | Motels | Hotels | Pubs | Parks **
Business Summary
Business Snapshot
Price: $1.403M MR & $649k Unit = Total $2.052M
Net Profit: $338,368 Remuneration / Body Corp Salary: $293,867
Managers Unit
Value of Managers Apartment: $649,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Complex Information
Complex Type: PermanentTotal Units in Complex: 133Total Units in Letting Pool: 30Owner Occupy Units: 85Outside Agent Units: 20Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Reported net profit of $338,368, with advertised returns above 24% on the business price and 16% on total investment.
2. Annual Body Corporate remuneration of $293,867 provides a substantial recurring income base.
3. Accommodation Module agreements have 22 years remaining, supporting long term operational certainty.
4. Established letting pool, with two recently secured appointments expected to add more than $5,000 in commission income.
5. Approximately 20 rental properties managed by outside agencies present an identified opportunity to expand the letting pool.
6. Over $5.2 million in property sales within the complex during 2025/26 highlights additional commission potential for a licensed operator.
7. Royal Palms comprises 133 homes in a well maintained gated community in Kirwan, Townsville.
8. Efficient daily operations support an attractive balance between work and lifestyle for an owner operator.
9. Current onsite managers may remain under an agreed management arrangement, offering flexibility for buyers seeking less daily involvement.
10. The manager’s residence includes three bedrooms, two bathrooms and two car spaces, with a listed value of $649,000.
Management Rights Multiplier: 4.15
ROI Estimate: 16.49%
