Exceptional Townsville Permanent Management Rights - Under 2 Multiplier

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 location

Contact Rebecca today for further information.

Net Profit: $152,400

Property Code: 121