Presenting an exceptional opportunity to acquire the management rights to an established collection of quality apartments in prime leisure and lifestyle destinations. Gain a foothold or dramatically expand your presence in the lucrative Australian accommodation market with this major national holding.

Selectively assembled in recent years, and including several quality new apartment developments, this portfolio spans seven top-performing properties with a total of 456 apartments in the letting pool.

Total net profit exceeds $3.1 million, with significant growth potential.

Key Features

  • Large-scale interstate management rights portfolio across 7 properties
  • Total of 790 apartments with 456 units currently in the letting pool
  • Mix of 248 short-term and 208 long-term apartments
  • Ideal for existing operators on the expansion path and new players seeking a substantial immediate slice of the market
  • Prime tourism and lifestyle hubs with identified growth pipelines
  • Extensive associated real estate on title including 6 manager’s apartments, offices, reception areas, and a conference facility.
  • Total body corporate remuneration $1,168,018
  • Net profit:  $3,176,704

NB. Property inspections are by appointmetn only

Key Details

Listing Ref: MR005498
Property Type: Management Rights
Region: QLD - Townsville Mackay
Suburb: Townsville City
Sale Type: Management Rights - All
Net Profit: $1,373,385
Price: $18,995,000

Listing Agent(s)

Agent Feedback

I would like to say thank you very much to Trudy for steering our deal across the line! All negotiations these days seem to take time and I appreciated her persistence, communication & feedback along the way. The purchasers seem intent on making the operation a success and with the help of others I think we have a good shot of kicking the complex away nicely. Looking forward to settling and cracking the bubbly!!

- Sandy Murdoch
Vendor,
Oshen Apartments

Our firm has dealt with Ian Crooks for 18 years. During that time we have been involved in the purchase of 33 Motels & Caravan Parks brokered by Resort Brokers.We have found the company to be diligent, able to source good properties, & commercially able to "close a deal".

- Cos Schuh
Manager,
Schuh Group

 I was very impressed with Ian's close involvement with the whole contract, due diligence and settlement phases, which can be quite problematic at times if not handled carefully. Their knowledge, understanding of the process and contacts within the Motel industry are enormous and I look forward to working with both of them again in the future.

- Richard Arbon ARBON PROPERTY GROUP PTY LTD
Managing Director,
Arbon Property Group