Wulguru, Queensland

Townsville Permanent Management Rights Business - Flexible Lifestyle Opportunity

Under Contract / Offer

Business Description

Hotel Resort Sales is pleased to present this well-established and efficiently structured permanent management rights business located in the thriving regional centre of Townsville. With a proven system allowing for remote management and low onsite hours, this opportunity will strongly appeal to buyers seeking flexibility and lifestyle balance.

The current owner has successfully owned and operated the business for 14 years. For the first nine years, the owner resided onsite and undertook all duties. Over the past five years, however, the operation has transitioned to a successful remote management model, with the owner now based on the Sunshine Coast.

With NO set office hours, a body corporate approved representative handles limited onsite physical duties including lawn maintenance, stairwell cleaning, and pool care. All key operational aspects of the business including administration, letting, owner and tenant communication, accounts, compliance, trade coordination and general management are managed remotely by the owner.

This boutique, low-maintenance complex comprises 56 lots in total, with 20 units currently in the permanent management letting pool. With minimal facilities including a pool, spa, and limited gardening requirements, the caretaking role is straightforward and easy to manage.

The two-bedroom, two-bathroom, 3 car space managers residence is currently rented to the onsite nominee on a periodic lease, providing excellent flexibility for an incoming purchaser who may wish to either continue renting the unit for additional income or move onsite. In addition, there is also an extremely spacious stand-alone office plus large shed on title.

The Body Corporate remuneration is exceptionally strong at over $106,000 per annum, and when combined with 22 years remaining on the agreement, a supportive Body Corporate committee and cooperative owners, this represents an outstanding and secure management rights business opportunity.

Conveniently located just minutes from key amenities including Fairfield Waters Shopping Centre and Annandale Central Shopping Centre, the property also offers easy access to schools, parks and public transport. Major employment hubs such as Lavarack Barracks, Townsville University Hospital and James Cook University are all within a short drive.

This business has been deliberately structured to operate with low hours, flexibility, and remote capability, making it an attractive opportunity for buyers seeking a scalable and lifestyle-friendly management rights operation.

Call Rebecca for further information or to arrange an inspection.

Net Profit: $143,565

Property Code: 113

Business Summary

Business Snapshot

Price: Under Contract / Offer Net Profit: $143,565 Remuneration / Body Corp Salary: $106,962Business Value: $460,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $595,000Bedrooms: 2Bathrooms: 2Car Spaces: 3Office: On TitlePets OK: Yes

2 Bed, 2 Bathroom, 3 Car Spaces, huge separate office On title plus large shed

Complex Information

Complex Type: PermanentTotal Units in Complex: 56Total Units in Letting Pool: 20Owner Occupy Units: 27Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: Yes

Marketing Agent

Rebecca Johnson

Hotel Resort Sales

Key Investment Insights

1. Proven remote-management model in place, owner successfully operated remotely for five years after nine years onsite.
2. Low onsite hours and no set office hours, suited to buyers seeking flexibility and lifestyle balance.
3. Strong recurring Body Corporate remuneration of $106,962 per annum, reviewed annually by CPI.
4. Solid net profit of $143,565, indicating profitable trading.
5. Long secure agreement structure, 25-year term with 22 years remaining.
6. Boutique low-maintenance complex of 56 lots, with minimal facilities limited to a pool and spa, reducing caretaking workload.
7. Established letting pool of 20 units, with 27 owner-occupied units and eight outside-agent units, providing stability and potential to grow letting share.
8. Managers residence valued at $595,000, two bedrooms, two bathrooms and three car spaces, currently rented on a periodic lease offering income or owner-occupy flexibility.
9. Extremely spacious standalone office and large shed on title, supporting operations and storage needs.
10. Supportive Body Corporate committee and cooperative owners, enhancing operational ease and relationship management.
11. Convenient Townsville location, minutes from Fairfield Waters and Annandale Central shopping centres, with easy access to schools, parks and public transport.
12. Proximity to major employment hubs including Lavarack Barracks, Townsville University Hospital and James Cook University, supporting rental demand and long-term occupancy.

Management Rights Multiplier: 3.20
ROI Estimate: 13.61%