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Business Only Management Rights: Townsville - Off the Plan
$421,500 - Business Only
Permanent Management Rights, BURDELL QLD
Introducing a prime opportunity to secure management rights for the brand-new Northshore Apartments in Townsville, a 48-unit development by Heran that offers excellent potential for growth. With a strong letting pool of 43 units and an estimated net profit in the range of $130,000 to $140,000, this off-the-plan opportunity is perfectly positioned for future success.
The management rights come with a body corporate salary of $48,000, and with Northshore Apartments being a new building, you will benefit from full-term, new agreements being entered into before settlement, providing you with a secure and stable income stream from day one.
Prime Location with High Demand Potential
Northshore Apartments is strategically positioned in Burdell, a suburb that directly feeds into the growing employment hub of Townsville and surrounding areas via Woolcock Street. The A1 is just minutes away, offering easy access to all employment locations across the greater Townsville area. The propertys close proximity to major shopping centers, education facilities, arterial roads, and public transport further enhances its appeal, ensuring strong, ongoing demand from tenants.
Business Only - No real estate to buy
Benefits of Investing in Off-the-Plan Management Rights
Growth Potential: As the Townsville region continues to grow, the demand for quality accommodation in strategic locations like Burdell is expected to increase.
Secure Income: Full-term, new agreements provide a stable and secure income stream.
Modern Facilities: Being a new development, Northshore Apartments offers modern, high-quality facilities, reducing maintenance costs and appealing to tenants.
Tax Benefits: Off-the-plan investments may offer significant tax advantages, including depreciation benefits.
This is an exceptional opportunity for a proactive manager looking to invest in a growth region with strong future potential. Contact us today to learn more about this unique investment opportunity at Northshore Apartments, Townsville!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $421,500 - Business Only
- Net Income: $ 130,000
(projected)
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