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 Townsvilles most desirable residential precincts.

The complex comprises 70 lots, with 28 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 $101,364 + GST.

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 managers 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
• $101,364 + GST Body Corporate salary
• 18% ROI on entire investment or 40% ROI on business purchase
• 70 lots | 28 in letting pool with upside to secure 16 external lets into letting pool
• Exceptional priced managers 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: $156,396

Property Code: 121