Management Rights, Townsville

Management Rights, Townsville — Hospitality & Tourism · Townsville · Asking $450,000

Management rights business for a 55-unit residential complex in Townsville. Agreement has 16 years remaining on a 25-year term No requirement for onsite living Small, easily managed letting pool Complex comprises a six-storey and a five-storey building, both with lift access Resident amenities include a pool, community room, gym and BBQ area Onsite managers share duties with a part-time staff…

DealProspect/Listings/Hospitality & Tourism

Management Rights, Townsville

Management Rights

ActiveHospitality & TourismQueenslandB2C

Find funding for this deal →View original listing ↗

Asking price

$450,000

Disclosed · AUD

Revenue

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Earnings

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Implied multiple

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Brief

Management rights business for a 55-unit residential complex in Townsville.
Agreement has 16 years remaining on a 25-year term
No requirement for onsite living
Small, easily managed letting pool
Complex comprises a six-storey and a five-storey building, both with lift access
Resident amenities include a pool, community room, gym and BBQ area
Onsite managers share duties with a part-time staff member working around 12 hours a week
Current owners have run the business for the past nine years and are preparing to retire; incoming operators need at minimum residential letting agent accreditation or a full real estate licence.

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Listed

+1 in 30 days

Median asking

$870K

15 priced

Earnings multiple

2.9×

38 listings

Asking price spread15 of 21 state a price

This listing · $450K

40%

$100K–$250K$2.5M–$5M

Australia 26

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