Condon, Queensland

Located in go-ahead Townsville with potential to increase letting pool & revenue | Resort Brokers ID : MR006888

Expressions Of Interest

Property Description

This is your chance to secure a gated permanent residential community located in the vicinity of the Riverway precinct, a very popular location where events and sporting matches take place.

The complex consists of 70 units, grouped in blocks of seven. There are currently 49 units managed in the onsite letting pool, with a variety of external agents (13), and there is significant scope for the new management to target these letting appointments.

This easy-to-manage business presents as strong netting permanent MLR with comfortable body corporate salary plenty of room to grow.



  • Strong rental location near a shopping centre and sports precinct

  • Comfortable BC salary

  • Blue sky to increase letting pool and revenue

  • 19 years tenure remaining on agreements

  • Easily managed resort

  • Secure resort facilities

  • Nice 2 bedroom, 2 bathroom, affordable manager's residence

  • To be sold under EOI process. Offers to be submitted by 5pm 25th October 2021.

  • Contact agent for further details.

Date updated: 21 Oct 2021 22:00:07

Property Summary

Business Snapshot

Price: Expressions Of Interest Net Profit: $138,039 Remuneration / Body Corp Salary: $82,498

Managers Unit

Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 70Total Units in Letting Pool: 49Holiday Units: 49Owner Occupy Units: 7Outside Agent Units: 13Agreement Term Remaining: 19 years
Marketing Agent
Chenoa Daniel
Chenoa Daniel

Listing location
Gallery

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