Wulguru, Queensland

Townsville Permanent Management Rights Business - Flexible Lifestyle Opportunity

$1,055,000

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: $1,055,000 Net Profit: $143,565 Remuneration / Body Corp Salary: $106,962Body 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. Established permanent management rights business in Townsville, listed at $1,055,000.
2. Strong net profit of $143,565, plus Body Corporate remuneration of $106,962 per annum.
3. Body Corporate salary reviewed annually by CPI, providing predictable income escalation.
4. Long secure agreement, 25 year term with 22 years remaining, reducing tenure risk.
5. Proven remote management model operated successfully for five years, enabling low onsite hours and lifestyle flexibility.
6. Current owner operated for 14 years, indicating operational stability and transferrable systems.
7. Boutique, low-maintenance complex of 56 lots, with minimal facilities limited to pool, spa and light gardening.
8. Letting pool comprises 20 units, with 27 owner occupy units and 8 outside agent units, suggesting stable owner community.
9. Managers residence valued at $595,000, two bedrooms two bathrooms three car spaces, currently rented on a periodic lease offering income or owner-occupier flexibility.
10. Extremely spacious standalone office and large shed on title, supporting administration and storage needs.
11. Supportive Body Corporate committee and cooperative owners, enhancing operational ease and relationship management.
12. Convenient location minutes from Fairfield Waters and Annandale Central shopping centres, with easy access to schools, parks, public transport and major employment hubs including Lavarack Barracks, Townsville University Hospital and James Cook University.

Management Rights Multiplier: 3.20
ROI Estimate: 13.61%