Townsville City, Queensland
Unlock the potential at Highpoint Apartments
$665,000
Business Description
Knight Frank Townsville is pleased to present to the market for sale the management rights for Highpoint Apartments, Townsville’s premier residential complex offering unparalleled potential for profitability and lifestyle appeal with no requirement to live on site.
Key features include:
- Exceptional body corporate salary of $172,902* per annum with minimum annual 3% increase
- 92 units with only 9 in the letting pool
- Opportunity to grow current letting pool
- Long term security with 18 years remaining on the term
- Strong ROI with less than 3.5 multiplier
- No strict office hours which provides flexibility
- No requirement to purchase an apartment or live on site
- Easy to manage caretaking duties
The property is located just minutes from the bustling CBD within easy walking distance of Woolworths, diverse dining options, vibrant retail shops, and the newly constructed Country Bank Stadium. Residents and guests will enjoy the luxurious amenities, including a sparkling pool with breathtaking views, a stylish BBQ area perfect for entertaining, and a modern gym. The property offers stunning panoramic vistas of Townsville, Magnetic Island, and the Coral Sea, ensuring every moment spent here is framed by natural beauty.
Highpoint Apartments combines strong financial returns with huge upside making it an ideal investment for those seeking both immediate rewards and long-term gains. This is more than an investment, it's a gateway to a prosperous future.
For more information or to arrange an inspection, please contact Glen Cummins at Knight Frank.
*Approximately
Business Summary
Business Snapshot
Price: $665,000
Net Profit: $192,902
Complex Information
Complex Type: PermanentTotal Units in Complex: 92Total Units in Letting Pool: 9Owner Occupy Units: 25Agreement Term Remaining: 18 years
Key Investment Insights
1. Exceptional body corporate salary of $172,902 per annum with minimum annual 3% increase.
2. Opportunity to grow current letting pool.
3. Long term security with 18 years remaining on the term.
4. Strong ROI with less than 3.5 multiplier.
5. No strict office hours which provides flexibility.
6. No requirement to purchase an apartment or live on site.
7. Easy to manage caretaking duties.
8. Located just minutes from the bustling CBD within easy walking distance of Woolworths, diverse dining options, vibrant retail shops, and the newly constructed Country Bank Stadium.
9. Luxurious amenities including a sparkling pool with breathtaking views, a stylish BBQ area perfect for entertaining, and a modern gym.
10. Stunning panoramic vistas of Townsville, Magnetic Island, and the Coral Sea.
11. Ideal investment for those seeking both immediate rewards and long-term gains.
