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Description: This expansive 55-unit accommodation complex presents a remarkable investment opportunity, generating a robust net profit exceeding $600K annually, complemented by a substantial body corporate salary. The manager's residence is a well-appointed two-bedroom, two-bathroom unit, ensuring comfortable onsite living.
Townsville’s property market is experiencing significant growth, with experts predicting property prices to rise by 25-30% in 2025, making it one of Australia’s fastest-growing markets. This surge is driven by strong buyer demand, attractive affordability, and appealing lifestyle opportunities.
The region’s tourism industry has also seen record-breaking growth, with a 22.7% increase in overnight visitors and a 10.3% rise in overnight visitor expenditure, totalling $1.2 billion. This uptick reflects the area’s growing appeal as a must-visit destination.
Moreover, corporate travel is on the rise, with 67% of business travel professionals expressing optimism about the industry’s outlook for 2025. This resurgence underscores the importance of in-person interactions and is expected to contribute to increased demand for quality accommodations.
Given these favourable trends, this property offers substantial upside potential, catering to both the booming drive accommodation sector and the returning corporate traveller. Acquiring this large-scale management rights business in such a thriving market promises a lucrative income and an enviable lifestyle.
Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks
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