Shining jewel of the Coral Sea

by Grantlee Kieza 29th of July, 2022

Shining jewel of the Coral Sea
Mariners North

Mariners North is a shining jewel in the Townsville accommodation market, with stunning views overlooking the glorious Cleveland Bay and extending as far as Magnetic Island.

Situated on The Strand, Mariners North is located in the prestigious Mariners Peninsula, the most exclusive location in the city.

The stunning property is within an easy stroll of the Breakwater Ferry Terminal, the main departure point for Magnetic Island, and the Breakwater Marina, the base for all charter boats to the Great Barrier Reef. The Central Business District, Palmer Street Dining Precinct, and Townsville’s Casino and Entertainment Centre are all a stone’s throw away.

Mariners North
Mariners North

 

There are guaranteed ocean views from every apartment from the only absolute oceanfront accommodation located anywhere in Townsville.

Management Rights are on sale for $4 million and broker Calvin Bailey says the property is “simply one of the very best” in Townsville.

“It is perfectly situated,” Mr Bailey said. “Mariners North is on the end of Cleveland Bay looking down the whole of the beach right out to Magnetic Island. There are sea views all around and it is a beautiful part of the world

Mariners North
Mariners North

 

“Townsville is more than a tourist destination because it also has a very large corporate market through mining, and a lot of people visiting the city because of the big military presence in the area.

“Mariners North certainly enjoys a substantial corporate and holiday market.”

There are 71 units in the complex which has a 4.5 star rating.

Of the 45 units in the letting pool, 43 are holiday apartments and two are permanent rentals.

The property comes with a spacious 2-bedroom, 2-bathroom manager’s apartment valued at $720,000, with separate exclusive-use office and an impressive reception area.

Mariners North
Mariners North

 

The complex includes a saltwater pool, spa, sauna, gym, and tennis court and comes with pay-tv and Wi-Fi.

It returns a net profit of $621,209 with a body corporate salary of $125,353.

Every apartment is fully self-contained, with two full sized bathrooms, a spacious open plan living area and a generous private balcony with stunning ocean views.

They all have air-conditioning, fans, large modern kitchens, a fully equipped laundry, Foxtel television, DVD, security access and secure undercover parking.

Mariners North
Mariners North

 

Mr Bailey said such a property, in a prime position with unsurpassed views and a proven track record in business, was rarely available to the market.

Cleveland Bay is part of the Coral Sea and was named by Lieutenant (later Captain) James Cook as he sailed past there on the Endeavour on 6 June 1770.

He probably named the bay in honour of John Clevland, a former British Secretary to the Admiralty, but he may also have been inspired by England’s Cleveland Hills which overlook his birthplace of Marton in Yorkshire.

With a population of 200,000 and a vibrant economy, Townsville is a thriving city with enormous potential.

Find the business listing details HERE

Find more accommodation for sale HERE

Find the latest industry news HERE


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