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Accommodation/Tourism
CONDON, QLD
Exceptional Townsville Permanent Management Rights - Under 2 Multiplier
Exceptional Townsville Permanent Management Rights - Under 2 Multiplier
Condon, QLD, 4815
Accommodation/tourism · Management Rights
$771,000
Presenting 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. With under a 2 multiplier!The complex comprises 70 lots, with 25 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 23 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 $469k.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 under a 2 multiplier this business is priced to sell!Key Features: Long-term security with 23 years remaining on agreement $101,364 + GST Body Corporate salary 19.8% ROI on entire investment or 50% ROI on business purchase 70 lots | 25 in letting pool with upside to secure 16 external lets into letting pool Exceptional priced managers unit at $469k 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 locationContact Rebecca today for further information.Net Profit: $152,400Property Code: 121
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