Huge $338k Profit in a stable permanent complex

Great $294k Body Corporate Salary for peace of mind with an established letting pool and property sales to drive the total income even higher

KEY HIGHTLIGHTS:
Approx. $338k Nett Profit
plus 2 new letting appointments not included in the revenue deliver another $5k plus in commission income
Business Price: $1,403,000
Business Return on Investment 24%+
Manager's Residence: $649,000
Total Investment: $2,052,000
Total Return on Investment: 16%+

Body Corporate Salary: Approx. $294k per annum
22 Years Remaining on Accommodation Module agreements
133-House Residential Community
30 Properties in the established letting pool - recently secured two more, growing the income for 2026/27
- 24 Inside the complex
- 6 Outside the complex
Secure income with genuine future growth potential
Over $5.2 million in in-complex property sales during the 2025/26 financial year

Combining secure recurring income, long-term agreement security and multiple income opportunities, this business will appeal to both owner-operators and investors seeking a quality Management Rights asset.

Situated in the popular suburb of Kirwan, Royal Palms comprises 133 quality homes within a well-maintained gated community, with 28 properties currently in the letting pool. The business benefits from efficient day-to-day operations, a substantial Body Corporate salary and an established letting business, delivering an attractive work/life balance together with secure recurring income.

With approximately 20 rental properties currently managed by outside agencies, there is a clear opportunity to expand the letting pool and grow recurring management income.

A key point of difference is the additional income potential available through in-complex property sales. During the 2025/26 financial year, property transactions within Royal Palms exceeded $5 million, demonstrating an active marketplace and providing a valuable opportunity for a licensed operator to generate additional commission income.

For buyers seeking a more passive investment, there is also the potential for the current onsite managers to remain in place under an agreed management arrangement, providing flexibility for purchasers who wish to benefit from the business without undertaking the day-to-day operational role.

Businesses offering secure income, long agreement terms, multiple revenue streams and genuine operational flexibility are rarely available. Royal Palms represents an outstanding opportunity to secure a premium Management Rights business in one of Townsville's strongest residential markets.

** Ras360 Property Solutions Specialists in Management Rights | Motels | Hotels | Pubs | Parks **