North Ward, Queensland

Thriving Area, Excellent Returns, A Unique Management Rights Opportunity!

$2.9M MR & $350k Unit = Total $3.25M

Business Description

This expansive 55-unit accommodation complex presents a remarkable investment opportunity, generating a robust net profit exceeding $600K annually, complemented by a substantial body corporate salary. The manager's residence is a well-appointed two-bedroom, two-bathroom unit, ensuring comfortable onsite living.

Townsville’s property market is experiencing significant growth, with experts predicting property prices to rise by 25-30% in 2025, making it one of Australia’s fastest-growing markets. This surge is driven by strong buyer demand, attractive affordability, and appealing lifestyle opportunities.

The region’s tourism industry has also seen record-breaking growth, with a 22.7% increase in overnight visitors and a 10.3% rise in overnight visitor expenditure, totalling $1.2 billion. This uptick reflects the area’s growing appeal as a must-visit destination.

Moreover, corporate travel is on the rise, with 67% of business travel professionals expressing optimism about the industry’s outlook for 2025. This resurgence underscores the importance of in-person interactions and is expected to contribute to increased demand for quality accommodations.

Given these favourable trends, this property offers substantial upside potential, catering to both the booming drive accommodation sector and the returning corporate traveller. Acquiring this large-scale management rights business in such a thriving market promises a lucrative income and an enviable lifestyle.

Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Business Summary

Business Snapshot

Price: $2.9M MR & $350k Unit = Total $3.25M Net Profit: $600,000 Remuneration / Body Corp Salary: $80,000

Managers Unit

Value of Managers Apartment: $350,000

Complex Information

Complex Type: PermanentTotal Units in Complex: 55Total Units in Letting Pool: 51Owner Occupy Units: 1Outside Agent Units: 3Agreement Term: 25 yearsAgreement Term Remaining: 21 years

Energy Features

Energy Rating: 5

Marketing Agent

Paul Mueller

0439 25....

Kerrie Lush

0416 08....

Ras360

Key Investment Insights

1. The property is located in a thriving area with a strong property market and predicted growth in property prices.
2. The business generates a robust net profit of over $600K annually.
3. The manager's residence is a well-appointed two-bedroom, two-bathroom unit.
4. The property caters to both the booming drive accommodation sector and the returning corporate traveller.
5. The region's tourism industry has seen record-breaking growth, reflecting the area's growing appeal as a must-visit destination.
6. Corporate travel is on the rise, contributing to increased demand for quality accommodations.
7. The property offers substantial upside potential in a thriving market.
8. The business is a large-scale management rights opportunity.
9. The property has a total of 55 units, with 51 units in the letting pool.
10. The agreement term is for 25 years, with 21 years remaining.
11. The manager's unit has a value of $350,000.
12. The business has a remuneration/body corporate salary of $80,000.
13. The property has a 5-star energy rating.

Management Rights Multiplier: 4.83
ROI Estimate: 20.69%