Townsville City, Queensland

Townsville Permanent Management Rights Opportunity, No Real Estate to Purchase

$785,000

Business Description

An outstanding opportunity presents for an experienced operator looking to add a proven income stream to an existing management rights portfolio or perfect for an entry point for a first time buyer seeking an established business with strong returns and the flexibility to operate without an onsite residence.

Located in the heart of Townsville City, this established permanent management rights business has been successfully operated by the same owner for 20 years, providing an incoming operator with a proven business model and established income stream.

Set within a 55-unit riverfront complex, the business currently comprises 23 properties in the onsite letting pool, together with 7 external appointments.

With 20 years remaining on the agreements and no set office hours, the business provides genuine operational flexibility and can be particularly well suited to an experienced operator looking to expand an existing portfolio or a first time entrant.

The caretaking component is straightforward and low maintenance, with responsibilities focused on the common areas and resort-style facilities. The body corporate salary is a generous at over $124k per annum.

The modern 10-storey complex features an impressive range of facilities, including 25-metre lap pool, Spa, Sauna, Gym, Barbecue facilities. The complex offers minimal garden maintenance, with no lawns to mow and only a small number of planter boxes to maintain, allowing more time to focus on the business.

Townsville continues to benefit from a diverse employment base, and this property’s CBD riverfront position places it close to many of the city's key employment and lifestyle attractions.

Demand for permanent accommodation is supported by major sectors including healthcare, education, defence and the Port of Townsville, providing a solid foundation for the property’s rental market.

KEY FEATURES

- $220,241 net profit

- 20 years remaining on agreements

- No manager’s residence to purchase

- No requirement to live onsite

- 23 properties in the onsite letting pool + 7 external appointments

- No fixed office hours

- Straightforward, low-maintenance caretaking responsibilities

- Strong permanent rental market

- CBD riverfront position

With strong returns, no residence requirement, long-term agreements and no set office hours, this opportunity provides an attractive combination of income, flexibility and lifestyle.

Call Rebecca today to discuss this opportunity.

Net Profit: $220,241

Property Code: 142

Business Summary