Belgian Gardens, Queensland
Spacious and Modern Resort Only Steps to the Beach | Resort Brokers ID : MR007397
$550,000
Business Description
Situated in a hot spot of Townsville City and on the eastern side of Castle Hill is this business-only opportunity. Commanding a prime position offering sweeping views over Magnetic Island and the Coral Sea, this complex is a perfect opportunity for a starter business or as an add-on to an existing accommodation partnership.
- No set office hours or fixed reception to attend to
- Belgian Gardens is a highly sought-after location within three kilometres to the CBD
- No weekends or public holidays to be worked
- Easy to operate by a couple
- No real estate to purchase, no levies to pay
- Solid Body Corporate Salary with substantial increase July 2023
- Property inspections are by appointment only
Date updated: 26 Nov 2023 22:00:07
Business Summary
Business Snapshot
Price: $550,000
Net Profit: $184,643 Remuneration / Body Corp Salary: $144,632
Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 80Total Units in Letting Pool: 24Holiday Units: 24Owner Occupy Units: 43Outside Agent Units: 14Agreement Term Remaining: 22 years
Key Investment Insights
1. Prime location with sweeping views over Magnetic Island and the Coral Sea
2. No set office hours or fixed reception to attend to
3. Highly sought-after location within three kilometres to the CBD
4. No weekends or public holidays to be worked
5. Easy to operate by a couple
6. No real estate to purchase, no levies to pay
7. Solid Body Corporate Salary with substantial increase July 2023
8. Permanent complex with 80 units in total
9. 24 units in the letting pool and 24 holiday units
10. 43 owner-occupied units and 14 units managed by outside agents
11. Agreement term remaining for 22 years.
