Modern townhouse gem, strong net profit over $300k

Established in 2021 by the owners, this management rights business comprises 79 townhouses developed by Phillip Usher Constructions. Designed to maximise investor appeal and minimise caretaking requirements, the complex is superbly run with 69 units in the letting pool and two external rentals nearby. It boasts landscaped gardens but no pool, with only a small gym and minimal lawns.

With 25-year agreements and no set office hours, this complex offers incoming buyers the security of long tenure. It presents a strong investor-led business, supported by a Body Corporate salary of $112,451.

The business has experienced strong rental increases, which will enhance future profitability for the incoming owner. A magnificent free-standing 4-bedroom, 2-bathroom manager's residence with an attached office allows for comfortable living and conducting business.

Selling for a very attractive multiplier of 5.6x for a net operating profit over $300k, this opportunity is not to be missed.

  • Mid-scale townhouse complex with 79 units
  • Strong letting pool with 71 units under management
  • No set office hours, providing flexibility for the incoming operator
  • Body Corporate salary of $112,451 per annum, with an annual CPI or 3% increase (whichever is greater)
  • 22 years remaining on Accommodation Module Agreements
  • Small, supportive committee, all living off-site
  • Spacious and modern 4-bedroom, 2-bathroom manager's unit priced at $630,000
  • Substantial net profit exceeding $300,000
  • Minimal on-site facilities, with a gym only
  • Inspections by appointment only
Jeff Keast

Interested? Why not give Jeff Keast a call on 0414 669 007 or