Townsville, Queensland

Townsville Permanent Management Rights with Exceptional Remuneration

$1,699,000

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 $252k 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 of $252k + GST
* 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: $1,699,000 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: Yes

2 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

Marketing Agent

Rebecca Johnson

1300 9....

Hotel Resort Sales

Key Investment Insights

AI generated. Confirm details with the seller.

1. Exceptional Body Corporate remuneration of $252,000 plus GST, supported by CPI annual reviews.
2. Net profit of $296,480 and a stated business value of $1,100,000.
3. Twenty three years remain on the accommodation module agreements, providing long term operational security.
4. No set office hours offer lifestyle flexibility for an owner operator.
5. Current letting pool comprises 20 apartments, with potential to secure seven outside agent properties.
6. Manager’s residence includes two bedrooms, two bathrooms and one secure car space.
7. Large air conditioned office on title provides two separate rooms for professional business operations.
8. Gated 108 apartment estate beside the Ross River, with pool, walking paths and cycling paths nearby.
9. Convenient access to Townsville University Hospital, James Cook University, Lavarack Barracks and Townsville CBD.
10. Long term tenants and nearby employment hubs support demand for quality rental accommodation.