GREAT OPPORTUNITY, PERMANENT MANAGEMENT RIGHTS IN NORTH QUEENSLAND We are very excited to have been appointed as exclusive Brokers to market the Management Rights business of the Sanctuary Apartments in Townsville, North Queensland.This property is a mix of one, two, and three bedroom apartments over 12 buildings and offers residents a resort lifestyle in a secure gated complex.The business benefits from the Defence Force presence in the City with a near nil vacancy rate in the rental pool.There is an opportunity for some massive growth in the letting pool as 40 apartments are managed by outside Agents.The complex offers a resort swimming pool, 2 BBQ areas, pilates deck, well equipped gymnasium, and secure storage for each apartment.Very large salary, LOW MULTIPLIERNet profit $298,011We are offering this business at a very low multiplier as the current owner has an urgent need to move on!