Townsville CBD Permanent Management Rights - Negotiable Price
$ Negotiable
Permanent management rights, Townsville QLD
CRE Brokers are very pleased to offer for sale the Management Rights for the Mint Apartments. This permanent let business-only opportunity offers a fantastic lifestyle with a secure income with the current management agreement in place until 2046.
This is an opportunity to operate a lucrative business located in the heart of the Townsville CBD. The apartments are situated by the water overlooking the newly completed Cowboys Stadium within easy reach of restaurants, shopping and sporting facilities as well as the Stadium. There is an onsite swimming pool, gymnasium and spa.
TOTAL NUMBER OF UNITS : 55
UNITS IN LETTING POOL : 29
NET PROFIT : On Request
More Information
- Total Purchase Price: $ Negotiable
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?