Townsville City, Queensland

Acquire Popular MR Business - Long agreements with manageable duties | Resort Brokers ID : MRB008554

$665,000

Business Description

ResortBrokers presents a prime opportunity with Highpoint Apartments in Townsville City. This Management Rights property offers an outstanding body corporate salary of $172,092 p.a., a long-term agreement of 18 years, and potential for growth with 92 units, only nine of which are currently in the letting pool. The property's appeal is enhanced by secure underground parking, prime CBD location, and breathtaking views. The majority of the income is derived from the Body Corporate Salary, ensuring a stable revenue stream. This is a manageable caretaking business with nine letting appointments.

- Outstanding body corporate salary of $172,092 p.a. with guaranteed minimum 3% annual increase
- Long-term agreement with 18 years tenure and assured 3% annual CPI increase
- Potential for growth with 92 units and only nine currently in the letting pool
- Secure underground parking enhancing the property's appeal
- Prime CBD location within walking distance to amentities and Queensland Country Bank Stadium
- Breathtaking views of Townsville City, Magnetic Island, and the Coral Sea
- Stable revenue stream primarily from Body Corporate Salary
- Manageable caretaking business with nine letting appointments
Date updated: 12 Jan 2025 22:00:07