Townsville Management Rights
About this opportunity
A rare opportunity to secure management rights to one of Townsville’s most recognisable and admired residential landmarks—an address where history, innovation, and coastal luxury converge. Commanding sweeping views across Cleveland Bay to Magnetic Island, this fifty five unit complex delivers an exceptional standard of living that continues to attract high quality owner occupiers and tenant
Set amongst expansive, meticulously maintained tropical gardens, the property offers a genuine sense of space, tranquillity, and exclusivity—an oasis positioned right on the doorstep of Townsville’s most vibrant lifestyle precincts. The surrounding suburb is one of the city’s most indemand pockets, brimming with artisan cafés, acclaimed restaurants, boutique retailers, licensed venues, supermarkets, essential services, and the CBD all just a short stroll away.
This is premium coastal living with unbeatable convenience, strong demand drivers, and a reputation that stands tall in the Townsville market—an exceptional management rights opportunity for operators seeking stability, lifestyle, and long term growth.
Business Story
Key Investment Features
- 16 years remaining on the agreement term
- No requirement for onsite living
- Small, easily managed letting pool
- Large onsite office providing excellent operational space
Complex Overview
- Complex 1: Six-storey building with lift access
- Complex 2: Five-storey building (including two-storey car park and storage) with lift access
- Fully secured complex with electric gate access
Lifestyle & Resident Amenities
- Brand new magnesium swimming pool
- Community Room
- Air conditioned gym
- Outdoor BBQ and entertaining area
- Immaculately presented grounds and common areas
This Management Rights Agreement offers a secure twenty five year term, with the current owners successfully operating the business for the past nine years. Recently, changes have been made in agreement with the Body Corporate that incoming managers do not have to maintain onsite residency. In addition to this, Body Corporate have also reduced the onsite workload by sub-contracting some of the gardening requirement around hedging. It was also agreed that no reduction in Body Corporate fees would apply. In addition to this, Body Corporate have also reduced the onsite workload by sub-contracting some of the gardening requirement around hedging. It was also agreed that no reduction in Body Corporate fees would apply.
Importantly, the complex also features a substantial, brand?new onsite office that remains unused, providing a cost?effective alternative for day to day operations.The complex itself is exceptionally well presented and maintained to an impeccable standard. Robust systems and procedures have been established by the onsite managers, who share responsibilities with a part time staff member working approximately twelve hours per week. The result is a streamlined, efficient operation that is easy to manage and consistently delivers strong outcomes.
Its premium location and prestige living environment offer an enviable lifestyle for the operators, supported by a business that generates a solid net profit and reliable body corporate remuneration. With the current owners now preparing for retirement, this outstanding opportunity is available to buyers seeking to elevate both their lifestyle and income.
To operate this management rights business, buyers will need to hold—at minimum—accreditation as a residential letting agent for apartment leasing, or a full real estate licence to include apartment sales.
The complex itself is exceptionally well presented and maintained to an impeccable standard. Robust systems and procedures have been established by the onsite managers, who share responsibilities with a part time staff member working approximately twelve hours per week. The result is a streamlined, efficient operation that is easy to manage and consistently delivers strong outcomes.
Its premium location and prestige living environment offer an enviable lifestyle for the operators, supported by a business that generates a solid net profit and reliable body corporate remuneration. With the current owners now preparing for retirement, this outstanding opportunity is available to buyers seeking to elevate both their lifestyle and income.
To operate this management rights business, buyers will need to hold—at minimum—accreditation as a residential letting agent for apartment leasing, or a full real estate licence to include apartment sales.
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Denny has a long career in all forms of business including Corporate Management with International and National FMCG organizations, with vast experience in the fields of Operational Management, Sales and Marketing Management, Franchise Business Management to Small Business Owner / Operator of Motels, Courier and Supermarket businesses.
In 2007 Denny saw the need for a good communicator with a strong understanding of business operation to offer a Business Broking service second to none. Denny's combined experienced gained over many years in the Corporate world and small business ownership has taken Business Brokering to new heights with with the Business Sales Group that includes NQ Business Sales, CQ Business Sales FNQ Business Sales and SEQ Business Sales, a very automated business utilizing technology to gain reach with unprecedented response in offers, time and product in the most professional manner.
Denny's focus is to satisfy Sellers and Buyers during transactions to deliver only good outcomes. In addition to this grow the business base and maximize the use of latest technologies to deliver a quality product.
Phil started his working career in purchasing with large and multi-national companies in Sydney.
A family relocation to Bowen in 1974 was the catalyst to owning his own business.
Phil has been in various businesses from Pest Control to Delicatessen/Takeaway and has for the last 39 years built a wholesale business that has served Bowen, Whitsundays, Mackay and the Coalfields, from 1 truck and himself to 6 trucks and 15 employees.
This has given Phil a very solid knowledge of the area from Bowen to Rockhampton and what it takes to thrive in business there.
Phil has a strong knowledge of business and business practices built through the process of growing his own business as well as time spent on State Franchise Council and dealing with the many changing government policies in those 39 years.
The process of selling his own business has shown Phil the real need for a locally based business broker, easily contacted and heavily focused on the Central Queensland area, which has led to his involvement in CQ Business Brokers.