Key Investment Insights
AI generated. Confirm details with the seller.
1. Price $325,000 for business only, listing describes a price reduction.
2. Estimated net profit $130,000 to $140,000, snapshot lists net profit as $130,000.
3. Body corporate salary of $48,000 provides a guaranteed remuneration component.
4. Off‑the‑plan, brand new 48‑unit Northshore Apartments by Heran, enabling new full‑term agreements to be entered before settlement for immediate income security.
5. Letting pool comprises 44 units, with 4 owner occupy units, indicating near full pool scale for management income.
6. Agreement term 25 years, with 25 years remaining, delivering long‑term contractual continuity.
7. Managers unit included, 4 bedrooms, 2 bathrooms, 2 car spaces, supporting on‑site management capability.
8. Modern facilities from a new development imply lower initial maintenance and appeal to tenants.
9. Location in Burdell provides strong demand potential, feeding Townsville’s growing employment hub via Woolcock Street and quick access to the A1.
10. Close proximity to major shopping centres, education facilities, arterial roads and public transport enhances tenant attraction and occupancy stability.
11. Business only structure means no real estate purchase required, simplifying transaction for operators.
12. Potential tax benefits from off‑the‑plan status, including depreciation advantages that may improve cash flow.
