Outstanding Townsville Permanent Management Rights with Robust Income Stream

Price: $1,750,000

Net profit: $296,480

Outstanding Townsville Permanent Management Rights with Robust Income Stream

An outstanding opportunity to acquire a quality permanent management rights business located within one of Townsville's most sought-after residential precincts.   

This management rights opportunity presents an outstanding opportunity with an exceptionally strong Body Corporate salary of $216k plus gardening incentive of $36k per annum and a secure 23 years remaining on the accommodation module agreements. Combined with the flexibility of NO set office hours, this business offers an enviable lifestyle with reliable income.

Currently managing 20 apartments in the letting pool, there is excellent scope for future growth by securing the 7 outside agents back into the letting pool and selling within the complex.

The manager's residence comprises a spacious two-bedroom, two-bathroom apartment with one secure car space. Included on title is a large, air-conditioned office consisting of two separate rooms, providing an ideal and professional workspace for the business.

Positioned alongside the picturesque Ross River, this immaculately presented gated estate comprises 108 spacious two and three-bedroom apartments. With resort style pool and peaceful lifestyle, the complex is highly regarded by long-term tenants.

The location is second to none, with walking and cycling paths at your doorstep and convenient access to Townsville University Hospital, James Cook University, Lavarack Barracks and the Townsville CBD.  These major employment hubs continue to drive strong demand for quality rental accommodation, providing excellent stability for the business.

Whether you are an experienced operator or entering the management rights industry, this is a rare opportunity to acquire a quality permanent business backed by an outstanding salary, long-term agreements and significant growth potential.

Business Highlights:

* Exceptional Body Corporate salary $216k plus gardening incentive $36k per annum
* Secure 23 years remaining on the accommodation module agreements
* NO set office hours, providing outstanding lifestyle flexibility
* Currently 20 apartments in the letting pool with opportunity to increase

Opportunities of this calibre are rarely available, contact Rebecca today for further information.

Net Profit:  $296,480

 

Details

Suburb Rosslea
Price $1,750,000
Property Type Business
Property ID 129
Category Accommodation/Tourism

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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