Proudly supported by all of the industry's leading brokers
Unlock the potential at Highpoint Apartments
$665,000
Permanent management rights, Townsville City Qld
Knight Frank Townsville is pleased to present to the market for sale the management rights for Highpoint Apartments, Townsvilles premier residential complex offering unparalleled potential for profitability and lifestyle appeal with no requirement to live on site.
Key features include:
- Exceptional body corporate salary of $172,902* per annum with minimum annual 3% increase
- 92 units with only 9 in the letting pool
- Opportunity to grow current letting pool
- Long term security with 18 years remaining on the term
- Strong ROI with less than 3.5 multiplier
- No strict office hours which provides flexibility
- No requirement to purchase an apartment or live on site
- Easy to manage caretaking duties
The property is located just minutes from the bustling CBD within easy walking distance of Woolworths, diverse dining options, vibrant retail shops, and the newly constructed Country Bank Stadium. Residents and guests will enjoy the luxurious amenities, including a sparkling pool with breathtaking views, a stylish BBQ area perfect for entertaining, and a modern gym. The property offers stunning panoramic vistas of Townsville, Magnetic Island, and the Coral Sea, ensuring every moment spent here is framed by natural beauty.
Highpoint Apartments combines strong financial returns with huge upside making it an ideal investment for those seeking both immediate rewards and long-term gains. This is more than an investment, it's a gateway to a prosperous future.
For more information or to arrange an inspection, please contact Glen Cummins at Knight Frank.
*Approximately
More Information
- Total Purchase Price: $665,000
- Net Income: $ 192,902
(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