Townsville, Queensland

Townsville CBD Permanent Management Rights Only $710,000 Negotiable Price - 1P5468

Management Rights $710, 000 Neg.

Business Description

CRE Brokers are pleased to offer for sale the Management Rights for the Mint Apartments. This permanent let business-only opportunity offers a fantastic lifestyle with a secure income with the current management agreement in place until 2046.

This is a highly lucrative opportunity to operate a business located in the heart of the Townsville CBD. The apartments are set by the water overlooking the newly completed Cowboys stadium within easy distance of restaurants, shopping and sporting facilities, including the Cowboys Stadium. There is an onsite swimming pool, gymnasium and spa.

TOTAL NUMBER OF UNITS : 55
UNITS IN LETTING POOL : 33
NET PROFIT : TBC on request

Business Summary

Business Snapshot

Price: Management Rights $710, 000 Neg. Net Profit: $191,512 Remuneration / Body Corp Salary: $98,512Body corp salary review: Other

Managers Unit

Office: Exclusive Use
Business only. No real estate component.

Complex Information

Complex Type: PermanentTotal Units in Complex: 55Total Units in Letting Pool: 28Owner Occupy Units: 16Outside Agent Units: 11Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 19 yearsPool: YesGym: YesBBQ Area: Yes

Other Features / Notes

A:MANAGEMENT RIGHTS, B:MANAGEMENT RIGHTS, C:QLD - Cairns & North
Marketing Agent

Key Investment Insights

1. Highly lucrative opportunity to operate a business in the heart of Townsville CBD.
2. Secure income with current management agreement in place until 2046.
3. Located by the water and overlooking the newly completed Cowboys stadium.
4. Easy distance to restaurants, shopping, and sporting facilities.
5. Onsite amenities include a swimming pool, gymnasium, and spa.
6. Total of 55 units in the complex.
7. 33 units in the letting pool.
8. Net profit of $191,512.
9. Remuneration/Body Corp Salary of $98,512.
10. Body corp salary review to be determined.
11. Business only, no real estate component.
12. Complex type is permanent.
13. Agreement module is accommodation.
14. Agreement term is 25 years with 19 years remaining.
15. Onsite amenities include a pool, gym, and BBQ area.
16. Other features include management rights and a location in the QLD - Cairns & North region.
Listing location

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