Business-Only Townsville City Permanent Letting - $188K Net, 25.6% ROI

Mint Apartments delivers a rare business-only management rights opportunity in Townsville City, generating $188,376 net profit with a 25.6% return on investment. This 55-property riverfront complex requires no real estate purchase and no onsite residence, making it ideal for operators seeking a bolt-on asset or newcomers wanting passive income without capital-intensive property acquisition. The business manages 29 properties across 21 letting pool properties and 8 external lettings, with 20 years remaining on agreements and a supportive body corporate guaranteeing minimum 3% annual salary increases.

Caretaking duties are simple, streamlined and easy to manage, covering well-maintained garden areas, a 25-metre lap pool, spa, sauna, gym and barbecue facilities across a modern 10-storey building. With no set office hours, this business offers true flexibility—allowing for remote operation or seamless integration into an existing portfolio. The prime CBD riverfront location captures strong, consistent rental demand, driven by Townsville’s key employment sectors including hospitals, universities, defence facilities and the Port of Townsville. Immediate upside potential exists through converting external appointments back into the letting pool, unlocking further income growth. This is a low-maintenance, high-return opportunity ideally suited to experienced operators expanding their portfolio or first-time buyers seeking proven income with minimal hands-on involvement in North Queensland’s largest and most dynamic regional city.