Townsville Riverfront Dual Complex â Secure, Profitable, Growth Potential

$2,856,996

Resort / Holiday management rights, THURINGOWA CENTRAL QLD

Townsville Riverfront Dual Complex Secure, Profitable, Growth Potential
Management Rights Permanent / Short Stay Hybrid
This is a rare opportunity to acquire the management rights of two superbly located riverfront apartment complexes in one of regional Queenslands most desirable lifestyle destinations.
Located in the heart of the Riverway precinct, these Apartments enjoy uninterrupted Ross River views, high occupancy rates, and the benefit of long-term agreements all with minimal onsite responsibilities.
Key Features:
24 years remaining on agreements across both complexes offering long-term business security.
Flexible letting pool with short stay and permanent rentals strong performance with upside potential.
Income growth opportunity Expand the letting pool by converting additional permanent owners into your rental pool.
Low-maintenance caretaking role Common areas are straightforward, with no requirement to maintain neighbouring public facilities or pools.
Public lagoon-style swimming pools next door A huge lifestyle and guest drawcard, with no maintenance obligations.
Fully staffed with experienced, long-standing team easy transition for new managers.
Modern managers residence Spacious 2-bed, 2-bath apartment with open-plan living and private river-facing balcony.
Strong guest demand Close to hospital, university, Lavarack Army Base, Both Major shopping centre, International Accredited sports venues, and public transport.
This business suits operators looking for a well-run, secure income with strong lifestyle appeal and real potential to grow net profit with minimal capital input.
Location Snapshot:
100 meters from Qld Largest Tavern and Restaurant precinct
Walking distance to Willows Shopping Centre
Walking Distance to 10 pin Bowling and Cinema complex
Next to the newly ($8 Mil) refurbished library, complete with conference facilities, meeting rooms and a Cafe
Adjacent to Riverways parklands, lagoon pools, and sporting complex
Close to James Cook University and Townsville Hospital
Short drive to CBD and beaches
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This is your chance to take over a proven performer with room to grow in one of North Queenslands fastest-developing corridors.
Enquire now to receive the full information package and arrange a confidential discussion.

More Information

Financial Overview

Total Purchase Price: $2,856,996
Net Income: $ 523,777 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 500,000
_{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.}

Letting Business

Letting Pool: 65
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 33
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 23
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 121
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 236,609
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 24 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 17 years
_{How long has the management rights existed.}

Office Hours: none on agreement
_{Required Office Hours}

Complex Features:

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 500,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 1
_{Is there a manager's office included on the title?}

Pets: No
_{Can the manager own a pet on site?}

Unit Features: This spacious apartment contains two bedrooms and two bathrooms. The open plan living area allows delightful river views. The kitchen includes stone countertops, modern appliances, and fixtures.