Proudly supported by all of the industry's leading brokers
Business-Only Townsville City Permanent Letting - $188K Net, 25.6% ROI | Resort Brokers ID : MRB009145
$735,000
Permanent Management Rights, Townsville City QLD
Mint Apartments delivers a rare business-only management rights opportunity in Townsville City, generating $188,376 net profit with a 25.6% return on investment. This 55-property riverfront complex requires no real estate purchase and no onsite residence, making it ideal for operators seeking a bolt-on asset or newcomers wanting passive income without capital-intensive property acquisition. The business manages 29 properties across 21 letting pool properties and 8 external lettings, with 20 years remaining on agreements and a supportive body corporate guaranteeing minimum 3% annual salary increases.
Caretaking duties are simple, streamlined and easy to manage, covering well-maintained garden areas, a 25-metre lap pool, spa, sauna, gym and barbecue facilities across a modern 10-storey building. With no set office hours, this business offers true flexibilityallowing for remote operation or seamless integration into an existing portfolio. The prime CBD riverfront location captures strong, consistent rental demand, driven by Townsvilles key employment sectors including hospitals, universities, defence facilities and the Port of Townsville. Immediate upside potential exists through converting external appointments back into the letting pool, unlocking further income growth. This is a low-maintenance, high-return opportunity ideally suited to experienced operators expanding their portfolio or first-time buyers seeking proven income with minimalhands-on involvement in North Queenslands largest and most dynamic regional city.
Business-only opportunity— no property purchase& no live-in requirement.
$188,376 net profit delivering 25.6% ROI, with 20 years remaining on agreement.
29 properties under management (21 letting pool + 8 external) in a 55-unit riverfront complex.
Supportive body corporate with guaranteed 3%+ annual salary increases.
Prime CBD riverfront location with strong permanent rental demand in Townsville.
Low-maintenance caretaking with no fixed office hours— perfect bolt-on or standalone business.
Upside potential: grow income by bringing external appointments back into the letting pool.
Inspections by appointment only.
Date updated: 30 Mar 2026 22:00:01
More Information
- Total Purchase Price: $735,000
- Net Income: $ 188,376
(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