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Fulton Gardens Management Rights
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Fulton Gardens Management Rights

$519,000 WIWO
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About this opportunity

An iconic landmark in Townsville steeped in history & advanced by innovation that has outstanding sea and island views of Cleveland Bay. The complex has 55 units of luxury living with beautifully manicured sprawling gardens and surrounds. Superbly located in a trendy suburb of Townsville that is loaded with great cafés, restaurants, other licensed venues, speciality stores, supermarkets, post office and the CBD all within walking distance.

Business Story

This Management Rights Agreement is for twenty-five years with the current owner running the business for the previous five years this December.  There is a very large office within the complex for use by site managers which is currently brand new and unused.

The complex is extremely well presented and kept in mint condition with systems and procedures put in place by the onsite managers, who share the workload with a part time staff member working 20 hours per week.

A combination of location and prestige living provides the owners with great lifestyle supported by a business that has a good net profit and body corporate remuneration. Due to the current owners wishing to retire, this business opportunity is now being offered to anyone wanting to take their lifestyle to the next level. To operate in this management rights business, you will need to be at minimum an accredited residential letting agent for the leasing of apartments or a fully licensed real estate agent to include apartment sales.

Why should you consider this opportunity?
  • 25 Year agreement
  • 20 Years agreement term remaining
  • Large onsite office
  • Extremely well presented
  • Complex 1 – 6 Storey with lift access
  • Complex 2 – 5 Storey (including 2 storey car park & storage) with lift access
  • Indoor Pool
  • Airconditioned gym
  • Electric Gate Access
  • Fully secured complex
  • 17 Units in the letting pool
  • Easily managed
  • Outdoor BBQ area
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Denny Leet
Denny Leet Principal | Senior Broker | Licensee 0409 639 366 View Profile
Arley Leet
Arley Leet Business Broker | Licensed Agent 0427 427 863 View Profile
Phil Dodds
Phil Dodds Business Broker | Licensed Agent 0428 674 486 View Profile
David Muir
David Muir Network Connector 0450045373 View Profile