Exceptional Townsville Permanent Management Rights - Low 2.5 Multiplier

Price: $817,500

Net profit: $151,841

Exceptional Townsville Permanent Management Rights - Low 2.5 Multiplier

Hotel Resort Sales presents an excellent opportunity to acquire a quality permanent management rights business within a modern, low-rise gated apartment complex, located in one of Townsville’s most desirable residential precincts.

The complex comprises 70 lots, with 29 currently in the letting pool and a further 16 managed by external agents, presenting strong upside potential for incoming owners. A solid body corporate salary of $96,809 + GST, with a further CPI increase scheduled for April, will provide additional income growth to the new owners.

With 24 years remaining on agreements, a very supportive body corporate, and a proven history of top-ups this management rights business offers long term security.

This well-designed three-storey walk-up complex features a central resident hub with an outdoor swimming pool and barbecue area, along with a dedicated manager’s office for your exclusive use.

The two bedroom, two-bathroom apartment features open-plan living, contemporary appliances, air conditioning, a private covered patio, and undercover parking, offering exceptional buying at $440k.

Perfectly positioned, this complex is located close to major arterial roads, public transport options, recreational precinct, sporting facilities, retail hubs, and dining options.

This high-performing permanent complex ticks all the boxes, and with a low 2.5 multiplier this business is priced to sell!

Key Features:

*  Long-term security with 24 years remaining on agreement
*  $96,809 + GST Body Corporate salary with CPI increase scheduled for April 
*  18% ROI on entire investment or 40% ROI on business purchase
*  70 lots | 29 in letting pool with upside to secure 16 external lets into letting pool
*  Exceptional priced manager’s unit at $440k
*  Efficient three-storey walk-up complex (no lift)
*  Secure gated community with pool, BBQ area & office
*  Supportive Body Corporate with history of top-ups
*  Strong rental demand in a high-growth Townsville location

Contact Rebecca today for further information.

Net Profit:  $151,841

Details

Suburb Condon
Price $817,500
Property Type Business
Property ID 121
Category Accommodation/Tourism

Share

Rebecca Johnson photo

Rebecca Johnson

0455 445 531

What our clients say

Dealing with Hotel Resort Sales was the best decision we made selling our management rights. Craig and Rebecca have exceptional market knowledge their communication is very strong and always available...

Cheryl & Jeff Hislop

Well, a big thankyou for the gift. Also a big thankyou for the time and effort you put into securing the sale of Oxford Mews Rebecca and Craig. As I have said many times, there are sales people and then...

Russell & Rosemary Farquhar

Thanks so much for your gift and we love it so much! And I really appreciate all your support to me. You always try your best help me to find the solutions for various of problems during the purchase....

Ashley

Craig Johnson recently completed the sale of our Management Rights at Albatross North, Mermaid Beach, Gold Coast.  From commencement to completion, it was a pleasure doing business with Craig (with...

Ross Given & Jac Pearman

Rob and I decided to sell our Managements Rights Business in Burleigh January 2023 and chose Craig to be our agent.  So glad we did!Craig and his team were always in contact with us through every...

Rob & Betty

We high recommend Craig Johnson for his professionalism and honesty. Knowing Craig personally through business for eighteen years prior to selling our share of the Management...

Carolyn & Wayne