Kirwan, Queensland
OUTSTANDING $338K NETT INCOME WITH EXCEPTIONAL BODY CORPORATE SALARY
$1.403M MR & $649k Unit = Total $2.052
Business Description
Royal Palms presents an exceptional opportunity to acquire a high-performing permanent Management Rights business within one of Townsville's most established residential communities.
⭐KEY HIGHTLIGHTS:
💰• Approx. $338k Nett Profit
📋• Body Corporate Salary: Approx. $294k per annum
📅• 22 Years Remaining on Accommodation Module agreements
🏡• 133-House Residential Community
🔑• 28 Properties in the established letting pool
- 22 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 $2.052
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: 28Owner Occupy Units: 85Outside Agent Units: 20Agreement Term: 25 yearsAgreement Term Remaining: 22 years
Key Investment Insights
AI generated. Confirm details with the seller.
1. Approximate net profit of $338,368, including a substantial annual Body Corporate salary of approximately $293,867.
2. Long term security with 22 years remaining on Accommodation Module agreements.
3. Established 133 home gated residential community in Kirwan, Townsville.
4. Current letting pool comprises 28 properties, including 22 within the complex and six externally.
5. Approximately 20 complex properties are managed by outside agencies, providing a clearly identified letting pool expansion opportunity.
6. In complex property sales exceeded $5 million during the 2025/26 financial year, supporting additional commission income potential.
7. Operational flexibility includes the option for current onsite managers to remain under an agreed management arrangement.
8. Managers’ residence includes three bedrooms, two bathrooms and two car spaces, valued at approximately $649,000.
Management Rights Multiplier: 4.15
ROI Estimate: 16.49%
