Coastal Lifestyle with Unique Real Estate Component

$1,060,000

Permanent management rights, Wulguru QLD

Key Points
56 units in total
19 units in the letting pool
23 years remaining on agreements
2025 net profit: $145,636 (figures available on request). Multiplier is set at 3.5.
Body Corporate remuneration: CPI-adjusted annually
Supportive Body Corporate committee and cooperative owners.
Spacious 2-bedroom, 2-bathroom Managers Residence plus unique stand-alone office building and large Shed 7x5m.

Business Overview

An excellent opportunity to secure a well-established management rights business in a coastal location. With long-term agreements, consistent income, and scope for growth, this business offers both stability and lifestyle appeal.

Efficient systems are in place, allowing the incoming manager flexibility in daily operations, without compromising service quality.

The gardens are thoughtfully maintained, creating a welcoming atmosphere that residents regularly comment on. The pool and spa area provide a relaxing retreat, making the complex not just a place to live, but a place people are proud to call home.

When comparing similar complexes in the region, Quadrant Apartments stands out for its on-title assets and rare configuration. The managers residence is a spacious, well-presented 2-bedroom, 2-bathroom unit, complemented by a unique free-standing office building and an expansive 7x5m shed, all on title and together valued at approximately $550,000. This arrangement provides excellent separation between work and home life, with the office located adjacent to the residence for convenience yet maintaining privacy. The property also includes three carparks an uncommon feature in Townsville, where most complexes have their office integrated into the residence.

Figures, agreements, and further information are available to qualified buyers upon signing a confidentiality agreement.

More Information

Financial Overview

Total Purchase Price: $1,060,000
Net Income: $ 145,636 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 550,000
_{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: 19
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 29
_{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: 8
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 56
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 102,813
_{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: 23 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 16 years
_{How long has the management rights existed.}

Office Hours: No Set Office Hours
_{Required Office Hours}

Complex Features: Secure, gated community offering peace of mind. Inviting swimming pool and relaxing spa. Beautifully landscaped gardens with vibrant pops of colour. Generous visitor parking. Prime location near hospital, defence base, university, and shopping precincts. Tranquil residential atmosphere with a friendly, long-term resident base

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 550,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 3

Office On Title: 1
_{Is there a manager's office included on the title?}

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

Unit Features: The managerâs residence is a spacious open plan, well-presented 2-bedroom, 2-bathroom unit, complemented by a unique free-standing office building and an expansive 7x5m shed, all on title.