Secure 25-Year Agreement - Solid BC Salary | Resort Brokers ID : MR008253

$820,000

Permanent Management Rights, Townsville QLD

ResortBrokers presents an exceptional opportunity to acquire a rock-solid, permanent management rights business in the thriving Townsville market.

With a recently topped-up agreement to 25 years, this management rights provides strong income potential and long-term security. The modern complex features 70 well-appointed apartments, strategically located near key amenities to drive high rental demand and sustained growth.

What sets this opportunity apart is the substantial income generated from the body corporate salary, which accounts for over 50% of the net profit, ensuring a reliable revenue stream. Additionally, the easy-to-manage, three-storey structurewithout the need for lift maintenancefurther enhances the efficiency of operations.

The managers residence is neatly appointed, while the complex itself offers great facilities, including a resort-style pool and barbecue areaboosting tenant appeal and ensuring consistently high rental returns.

Opportunities like this are raresecure a high-performing, permanent investment in a booming rental market with strong returns, ease of management, and long-term financial stability.

- Recently topped-up 25-year agreement term ensuring long-term stability
- Significant upside potential through the conversion of externally managed units
- Substantial body corporate salary, contributing over 50% of net profit
- Low-maintenance, three-storey design with no costly lift upkeep
- Secure gated entry system, enhancing tenant appeal
- Prime location near transport links, sports facilities, retail and dining precincts
- Profitable, well-established business with flexible work conditions and strong income potential
- High-demand rental market, ideally positioned in a sough-after southern suburb
- Private inspections by appointment only
Date updated: 02 Apr 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: $820,000
Net Income: $ 161,260 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 320,000
_{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.}

Letting Business

Letting Pool: 42
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 10
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 17
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 70
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 93,783
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 21 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: Mon - Fri 8 am - 5pm
_{Required Office Hours}

Complex Features: Modern low rise apartment complex situated in the southern region of Townsville, North Queensland. Common facilities include; onsite management, swimming pool, barbeque area and onsite visitor carparking. The complex comprises of 57 x two bedroom units, 12 x three bedroom units, 1 x Manager's Unit and a total of 70 residential lots.

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 320,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: Two bedrooms, two bathrooms, open plan living area, modern appliances and stylish bench tops, covered private patio area, air-conditioning and secure undercover parking. A separate office located on site of the complex