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Exceptional Townsville Permanent Management Rights - Low 2.5 Multiplier
$817,500
Permanent management rights, Condon QLD
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 29 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 $96,809 + GST, with a further CPI increase scheduledfor April, will provide additional income growth to the new owners.
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 centralresident 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
* $96,809 + GST Body Corporate salary with CPI increase scheduled for April
* 18% ROI on entire investment or 40% ROI on business purchase
* 70 lots | 29 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: $151,841
Property Code: 121
More Information
- Total Purchase Price: $817,500
- Net Income: $ 151,841
(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