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High-Performing Townsville Management Rights - ID 9083
Offers Over $710,000
Permanent management rights, Townsville City QLD
Permanent Management Rights for Sale
24% ROI, Strong Letting Pool & Riverfront Lifestyle
- Guaranteed Body Corporate salary of $127,561 + GST, with an annual net profit of $171,574.
- Total of 55 apartments, with 33 in the letting pool, including 9 external units.
- Well-maintained complex with attractive gardens and a resort-style pool.
- Exclusive-use office included for efficient onsite management.
- Strong rental demand and consistent occupancy throughout the year.
- Supportive Body Corporate committee and cooperative owners.
- 22 years remaining on management rights agreements, offering long-term security.
- Resort-style facilities including pool, BBQ area, Wi-Fi, and cable TV.
- Modern complex built in 2006, maintained to a high standard.
- Prime location just 50m from shopping and medical services, and only a short drive to the airport.
Perfect for an active couple ready for a lifestyle change, with the opportunity to grow the business further by expanding the letting pool.
With a prime riverfront location, spacious apartments, and a low-maintenance complex, this is relaxed living at its best.
Delivering a 24% return on investment, this is a high-performing management rights opportunity you wont want to miss.
Net Profit: $171,574
Asking Price: Offers Over $710,000
More Information
- Total Purchase Price: Offers Over $710,000
- Net Income: $ 171,574
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours