Townsville City, Queensland
Beautifully located Permanent Townsville Management Rights - ID 9083
High $700,000
Business Description
North Queensland Management Rights
No requirement to live onsite - No real estate to buy
- Guaranteed Body Corporate salary of $123,366 plus yearly increase of 3% or CPI whichever is higher
- Total of 55 apartments, letting pool as per enquiry
- Mix of 2 and 3 bedroom apartments
- Well maintained gardens and pool
- Exclusive Use office
- 99% occupancy all year round
- Supportive committee and owners
- 23 years remaining on agreements following recent top up
- Resort style pool and BBQ area, Wi-Fi and Cable TV
- 2006 build
- 50m from all shopping, medical services and short drive to airport
Offered by original Owner Operators. This great easy-to-run, low-maintenance, resort-style complex is located within the CBD on the water's edge. Can be managed by 1 person with some help.
The business offers multiple streams of income, a flexible work schedule, and the freedom of living off-site at your discretion. (Current managers live on site.) The lifestyle is yours to decide.
Enjoy Townsville with its tropical summers and superb outdoor lifestyle.
Total Income: $178,555
Asking Price: High $700,000
For further information or to arrange an inspection of the North Queensland Management Rights business contact:
Management Rights Broker
Antonio Curulli
Property Code: 556
Business Summary
Managers Unit
Complex Information
Complex Type: n/aTotal Units in Complex: 55Total Units in Letting Pool: 32Holiday Units: 2Permanent Units: 30Owner Occupy Units: 18Outside Agent Units: 5Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesGym: YesBBQ Area: Yes
Key Investment Insights
Key Insights:
1. No requirement to live onsite and no real estate to buy, offering flexibility for the manager.
2. Guaranteed Body Corporate salary of $123,366 with yearly increase of 3% or CPI, providing stable income.
3. Total of 55 apartments in the complex, with a mix of 2 and 3 bedroom units.
4. Well-maintained gardens and pool, creating an attractive and inviting atmosphere for residents.
5. Exclusive use office for the manager.
6. High occupancy rate of 99% all year round, indicating strong demand for the complex.
7. Supportive committee and owners, making for a positive working environment.
8. 23 years remaining on agreements following recent top up, providing long-term stability for the manager.
9. Resort-style pool and BBQ area, Wi-Fi and Cable TV, offering additional amenities for residents.
10. Built in 2006 and located within the CBD on the water's edge, providing a desirable location for residents.
11. Offered by original Owner Operators, indicating a well-established and successful business.
12. Multiple streams of income, flexible work schedule, and the freedom to live off-site, providing a desirable lifestyle for the manager.
13. Total income of $178,555, offering a strong return on investment.
14. Asking price of high $700,000, indicating a valuable and profitable business opportunity.
15. Located in Townsville with a tropical climate and outdoor lifestyle, making it an attractive location for residents and the manager.
