Acquire Prime Accommodation Business - Amazing river views and modern amenities | Resort Brokers ID : MR008586

$2,500,000

Resort / Holiday Management Rights, Townsville City QLD

ResortBrokers introduces the Itara - Jacana Apartments in Townsville, a prime management rights opportunity offering river views from all apartments.

Located near the vibrant Riverway complex and a major shopping centre, it also benefits from proximity to key facilities, including the general hospital, James Cook University (JCU), Lavarack Army Barracks, major sporting complexes, and the largest tavern in Queensland. Additionally, it is close to the police and fire training facility.

With no nearby accommodation competitors, this business has a strong track record of consistent revenue growth. Supported by efficient, long-term staff ensuring smooth operations, it offers an easy transition for the new owner.

- Prime asset offering river views from all apartments
- Located a short walk from the vibrant Riverway multi-faceted complex
- Track record of consistent revenue growth
- Diverse accommodation options catering to a wide range of guests
- Efficient, long-term staff ensuring smooth operations and easy transition
- Strategically located near a major shopping centre
- Situated in a strong regional Queensland city
- Inspections by appointment only

Video Presentations
Cafe at Riverway:https://vimeo.com/1003442931Itara Apartments:https://vimeo.com/1003443944Jacana Apartments: https://vimeo.com/1003444820Riverway Precinct:https://vimeo.com/1003445577

Date updated: 01 Apr 2025 22:00:01

More Information

Financial Overview

Total Purchase Price: $2,500,000
Net Income: $ 511,197 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 500,000
_{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: 72
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 20
_{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: 28
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 121
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 238,905
_{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: 19 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: No set office hours
_{Required Office Hours}

Complex Features: Exclusive use storage areas located through complex with the linen stored in air-conditioned store rooms, 5 lifts located throughout the complete, onsite cafe