Townsville City, Queensland
High-Return Permanent Management Rights for Sale in Townsville City – ID 9083
Offers Over $710,000
Business Description
Permanent Management Rights for Sale
Strong Letting Pool & Riverfront Lifestyle
- Guaranteed Body Corporate salary of $127,561 + GST, with an annual net profit of $188,376.
- Total of 55 apartments, with 33 in the letting pool, including 9 external units.
- Well-maintained complex with attractive gardens and a resort-style pool.
- Exclusive-use office included for efficient onsite management.
- Strong rental demand and consistent occupancy throughout the year.
- Supportive Body Corporate committee and cooperative owners.
- 22 years remaining on management rights agreements, offering long-term security.
- Resort-style facilities including pool, BBQ area, Wi-Fi, and cable TV.
- Modern complex built in 2006, maintained to a high standard.
- Prime location just 50m from shopping and medical services, and only a short drive to the airport.
Perfect for an active couple ready for a lifestyle change, with the opportunity to grow the business further by expanding the letting pool. With a prime riverfront location, spacious apartments, and a low-maintenance complex, this is relaxed living at its best. Delivering a great return on investment, this is a high-performing management rights opportunity you won’t want to miss.
Net Profit: $188,376
Asking Price: Offers Over $710,000
For further information or to arrange an inspection of the North Queensland Management Rights business opportunity contact:
Management Rights Broker
Antonio Curulli
Property Code: 998
Business Summary
Business Snapshot
Price: Offers Over $710,000
Net Profit: $188,376 Remuneration / Body Corp Salary: $127,561
Complex Information
Complex Type: n/aTotal Units in Complex: 55Total Units in Letting Pool: 32Owner Occupy Units: 18Outside Agent Units: 5Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesGym: YesBBQ Area: Yes
Key Investment Insights
1. Guaranteed Body Corporate salary of $127,561 plus GST, contributing to a reported net profit of $188,376, indicating strong cashflow potential.
2. Asking price listed as offers over $710,000, suggesting an attractive purchase price relative to net profit.
3. Total of 55 apartments with approximately 32–33 in the letting pool, providing a sizeable revenue base.
4. Letting pool includes external units, with scope to expand the pool and grow revenue further.
5. Long-term security from management rights agreements, 25-year term with 22 years remaining.
6. Consistent year-round rental demand and strong occupancy, supporting stable income.
7. Well-maintained, modern complex built in 2006, presenting lower short-term capital expenditure risk.
8. Resort-style facilities including pool, gym, BBQ area, Wi-Fi and cable TV, enhancing guest appeal and premium rates.
9. Exclusive-use onsite office provided, enabling efficient management operations.
10. Prime riverfront location, only 50 metres to shopping and medical services, and a short drive to the airport, boosting location appeal.
11. Supportive Body Corporate committee and cooperative owners, reducing owner-management friction.
12. Low-maintenance grounds with attractive gardens and resort-style amenities, aligned with a lifestyle offering suitable for an active couple.
