North Ward, Queensland

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

SOLD

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: SOLD 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

AI generated. Confirm details with the seller.

1. Net profit reported at $600,000 annually, indicating strong ongoing cashflow.
2. Additional body corporate remuneration of $80,000, increasing total owner income.
3. Manager’s residence is a two‑bedroom, two‑bathroom apartment valued at $350,000, enabling onsite living and capital value.
4. Large-scale complex with 55 units, providing scale and diversification of income streams.
5. High letting pool participation, 51 of 55 units in the letting pool, supporting rental revenue stability.
6. Long management agreement structure, 25‑year term with 21 years remaining, offering contractual security.
7. Complex classified as permanent, suitable for year‑round accommodation demand.
8. Energy rating of 5, contributing to operating efficiency and potential marketing appeal.
9. Townsville market forecast of 25–30% property price growth in 2025, signalling strong capital upside.
10. Regional tourism growth with a 22.7% increase in overnight visitors and a 10.3% rise in overnight visitor expenditure to $1.2 billion, supporting higher occupancy and rates.
11. Corporate travel optimism at 67% for 2025, indicating rising demand from business travellers and potential growth in corporate bookings.

Management Rights Multiplier: 4.83
ROI Estimate: 18.46%