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Newly Built Permanent Management Rights Opportunity - Northshore Residences Townsville (Business Only)
$324,900
Permanent management rights, Burdell QLD
This is an outstanding opportunity to secure permanent management rights to a brand-new luxury residential development in one of Townsvilles fastest-growing communities. Located in the highly sought-after Northshore Residences in Burdell in Townsville, this management rights business presents strong income with no unit to managers to purchase.
Key Features:
* Net BC Salary: $48,000 + GST *Approx
* Total Lots: 48
* Letting Pool: 43
* Current Weekly Rents: $430 to $450 per week
* 25 Year Agreement
* Accommodation: Brand-new luxury 4-bedroom villas
Northshore Residences is ideally positioned to benefit from consistent tenant demand due to its proximity to major employment, education, and retail hubs. Situated just off Woolcock Street, Burdell offers seamless connectivity to the wider Townsville region via the A1 highway, making it highly attractive for professionals and families alike.
The surrounding area is a hub of convenience, featuring two major shopping centresNorth Shore Shopping Centre and Stockland Townsvilleplus a wide range of essential amenities including medical services, health and wellness providers, retail stores, casual dining, and takeaway options.
Whether youre a seasoned operator or entering the management rights space for the first time, this turnkey opportunity offers modern, low-maintenance residences and a reliable income stream in a thriving community.
Call Rebecca for further information.
Net Profit: $130,000 *Approx.
Price: $324,900
Property Code: 72
More Information
- Total Purchase Price: $324,900
- 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: 2.5
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
Rebecca Johnson
Office : 1300 946 ...Mobile : 1300 946 9210455 445 5311300 946 9210493 108 ...