Wulguru, Queensland
Townsville Permanent Management Rights Business - Flexible Lifestyle Opportunity
SOLD
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: SOLD
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: Yes2 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
Key Investment Insights
AI generated. Confirm details with the seller.
1. Established Townsville management rights business operated successfully by the current owner for 14 years.
2. Remote management model supports lifestyle flexibility, with no set office hours and limited onsite physical duties.
3. Body corporate remuneration exceeds $106,000 annually, supported by a reported net profit of $143,565.
4. The agreement has 22 years remaining, with annual CPI remuneration reviews.
5. The permanent complex contains 56 lots, including 20 units in the management letting pool.
6. A body corporate approved representative handles lawn maintenance, stairwell cleaning and pool care.
7. Managers residence offers two bedrooms, two bathrooms and three car spaces, with flexibility to rent or occupy.
8. Separate spacious office and large shed are included on title, supporting dedicated operational infrastructure.
9. The complex includes a pool and spa, with limited gardening requirements for straightforward caretaking.
10. Convenient access to shopping centres, schools, parks, public transport, Lavarack Barracks, Townsville University Hospital and James Cook University.
Management Rights Multiplier: 3.20
ROI Estimate: 13.61%
