Rosslea, Queensland
Townsville Permanent Management Rights Business with Huge Body Corporate Salary
$1,750,000
Business Description
An outstanding opportunity to acquire a quality permanent management rights business located within one of Townsville's most sought-after residential precincts.
This management rights opportunity presents an outstanding opportunity with an exceptionally strong Body Corporate salary of $216k plus gardening incentive of $36k per annum and a secure 23 years remaining on the accommodation module agreements. Combined with the flexibility of NO set office hours, this business offers an enviable lifestyle with reliable income.
Currently managing 20 apartments in the letting pool, there is excellent scope for future growth by securing the 7 outside agents back into the letting pool and selling within the complex.
The manager's residence comprises a spacious two-bedroom, two-bathroom apartment with one secure car space. Included on title is a large, air-conditioned office consisting of two separate rooms, providing an ideal and professional workspace for the business.
Positioned alongside the picturesque Ross River, this immaculately presented gated estate comprises 108 spacious two and three-bedroom apartments. With resort style pool and peaceful lifestyle, the complex is highly regarded by long-term tenants.
The location is second to none, with walking and cycling paths at your doorstep and convenient access to Townsville University Hospital, James Cook University, Lavarack Barracks and the Townsville CBD. These major employment hubs continue to drive strong demand for quality rental accommodation, providing excellent stability for the business.
Whether you are an experienced operator or entering the management rights industry, this is a rare opportunity to acquire a quality permanent business backed by an outstanding salary, long-term agreements and significant growth potential.
Business Highlights:
* Exceptional Body Corporate salary $216k plus gardening incentive $36k per annum
* Secure 23 years remaining on the accommodation module agreements
* NO set office hours, providing outstanding lifestyle flexibility
* Currently 20 apartments in the letting pool with opportunity to increase
Opportunities of this calibre are rarely available, contact Rebecca today for further information.
Net Profit: $296,480
Property Code: 129
Business Summary
Business Snapshot
Price: $1,750,000
Net Profit: $296,480 Remuneration / Body Corp Salary: $252,000Business Value: $1,100,000Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes2 Bedroom, 2 Bathroom, 1 carport spacious unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 108Total Units in Letting Pool: 20Owner Occupy Units: 81Outside Agent Units: 7Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: Yes
Key Investment Insights
1. Exceptional guaranteed Body Corporate salary of $216,000 per annum, plus a $36,000 gardening incentive.
2. Strong reported net profit of $296,480, indicating healthy cashflow.
3. Secure 23 years remaining on the accommodation module agreements, providing long-term income stability.
4. NO set office hours, offering significant lifestyle flexibility for the operator.
5. Manager’s residence is a spacious two-bedroom, two-bathroom apartment with one secure car space, included with the business.
6. Large air-conditioned office included on title, comprising two separate rooms, delivering an on-site professional workspace.
7. Currently managing 20 apartments in the letting pool, with clear opportunity to grow income by re-acquiring seven outside agents.
8. Complex totals 108 spacious two- and three-bedroom apartments, enabling scale and economies in management.
9. Resort-style pool and gated estate presentation, appealing to long-term tenants and premium renters.
10. Scenic riverfront location alongside the Ross River, enhancing lifestyle appeal and tenant desirability.
11. Strategic proximity to Townsville University Hospital, James Cook University, Lavarack Barracks and the CBD, underpinning strong rental demand.
12. Proven tenant stability and long-term occupancy profile, supporting reliable ongoing management revenue.
