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Thriving Area, Excellent Returns, A Unique Management Rights Opportunity!
$2.9M MR&$350k Unit = Total $3.25M
Permanent Management Rights, NORTH WARD QLD
This expansive 55-unit accommodation complex presents a remarkable investment opportunity, generating a robust net profit exceeding $600K annually, complemented by a substantial body corporate salary. The manager's residence is a well-appointed two-bedroom, two-bathroom unit, ensuring comfortable onsite living.
Townsvilles property market is experiencing significant growth, with experts predicting property prices to rise by 25-30% in 2025, making it one of Australias fastest-growing markets. This surge is driven by strong buyer demand, attractive affordability, and appealing lifestyle opportunities.
The regions tourism industry has also seen record-breaking growth, with a 22.7% increase in overnight visitors and a 10.3% rise in overnight visitor expenditure, totalling $1.2 billion. This uptick reflects the areas growing appeal as a must-visit destination.
Moreover, corporate travel is on the rise, with 67% of business travel professionals expressing optimism about the industrys outlook for 2025. This resurgence underscores the importance of in-person interactions and is expected to contribute to increased demand for quality accommodations.
Given these favourable trends, this property offers substantial upside potential, catering to both the booming drive accommodation sector and the returning corporate traveller. Acquiring this large-scale management rights business in such a thriving market promises a lucrative income and an enviable lifestyle.
Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks
More Information
- Total Purchase Price: $2.9M MR&$350k Unit = Total $3.25M
- Net Income: $ 600,000
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 350,000
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?