North Ward, Queensland

MR business with protected letting pool in the best location in Townsville | Resort Brokers ID : MR006975

$2,260,000

Property Description

Located on the prime location of The Strand, Waters Edge is a 5 minute walk from Townsville centre and has stunning views of Magnetic Island and Cleveland Bay. Having been run under management for 15 years, Waters Edge has all the elements of a high performing property. Boasting a net profit of $417,524 with a $62k per year BC salary, this business presents an 18.5% return on investment.



  • Best location in Townsville on The Strand

  • 18 years remaining on agreements

  • Over 25% return on equity after management and borrowing costs

  • Been run under management since 2005 - upside for owner operator

  • Consistent net profit over the last 15 years

  • Be part of the domestic tourism boom in QLD 2022 - 2025

  • Property inspections are by appointment only

Date updated: 01 Dec 2021 00:00:08

Property Summary

Business Snapshot

Price: $2,260,000 Net Profit: $417,524 Remuneration / Body Corp Salary: $62,000

Managers Unit

Value of Managers Apartment: $300,000Bedrooms: 1Bathrooms: 1

Complex Information

Complex Type: Resort / HolidayTotal Units in Complex: 49Total Units in Letting Pool: 46Holiday Units: 46Owner Occupy Units: 2Outside Agent Units: 1Agreement Term Remaining: 18 years
Marketing Agent
Steve Campbell
Steve Campbell

Listing location
Gallery

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