Townsville Permanent Management Rights Opportunity, No Real Estate to Purchase

Price: $785,000

Net profit: $220,241

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Townsville Permanent Management Rights Opportunity, No Real Estate to Purchase

An outstanding opportunity presents for an experienced operator looking to add a proven income stream to an existing management rights portfolio or perfect for an entry point for a first time buyer seeking an established business with strong returns and the flexibility to operate without an onsite residence.

Located in the heart of Townsville City, this established permanent management rights business has been successfully operated by the same owner for 20 years, providing an incoming operator with a proven business model and established income stream.

Set within a 55-unit riverfront complex, the business currently comprises 23 properties in the onsite letting pool, together with 7 external appointments.

With 20 years remaining on the agreements and no set office hours, the business provides genuine operational flexibility and can be particularly well suited to an experienced operator looking to expand an existing portfolio or a first time entrant.

The caretaking component is straightforward and low maintenance, with responsibilities focused on the common areas and resort-style facilities. The body corporate salary is a generous at over $124k per annum.

The modern 10-storey complex features an impressive range of facilities, including 25-metre lap pool, Spa, Sauna, Gym, Barbecue facilities.  The complex offers minimal garden maintenance, with no lawns to mow and only a small number of planter boxes to maintain, allowing more time to focus on the business.

Townsville continues to benefit from a diverse employment base, and this property’s CBD riverfront position places it close to many of the city's key employment and lifestyle attractions.

Demand for permanent accommodation is supported by major sectors including healthcare, education, defence and the Port of Townsville, providing a solid foundation for the property’s rental market.

KEY FEATURES

  • $220,241 net profit
  • 20 years remaining on agreements
  • No manager’s residence to purchase
  • No requirement to live onsite
  • 23 properties in the onsite letting pool + 7 external appointments
  • No fixed office hours
  • Straightforward, low-maintenance caretaking responsibilities
  • Strong permanent rental market
  • CBD riverfront position

With strong returns, no residence requirement, long-term agreements and no set office hours, this opportunity provides an attractive combination of income, flexibility and lifestyle.

Call Rebecca today to discuss this opportunity.

Net Profit:  $220,241

 

 

Details

Suburb Townsville City
Price $785,000
Property Type Business
Property ID 142
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