North Ward, Queensland

Townsville's Only Beachside High-Rise - Incredible holiday MLR with $1.3M net | Resort Brokers ID : MR009071

Under Contract / Offer

Business Description

Aquarius on the Beach is situated in Townsville's North Ward directly on the beach overlooking the stunning Cleveland Bay and the Coral Sea. This prominent position, alongside it being the only high-rise within this scenic seaside precinct, makes it an every popular destination for quality accommodation. ResortBrokers present a unique opportunity to acquire the letting and management rights to this iconic business, demonstrating high performance with close to 88% occupancy and excellent forward bookings going into 2026.

The property offers diverse range of accommodation types suited to a wide range of visitors including both corporate and leisure travellers. Comprising a total of 156 apartments with 123 in the current onsite letting pool, Aquarius on the Beach offers plenty of upside potential via several externally managed apartments. There are over 20 years remaining on the long-term agreements and the business has a net profit exceeding $1.3m.

Operational areas are under three freehold titled lots being a manager's two-bedroom unit, a separate lot including an office, reception, board room and storage spaces plus second manager's unit, and a third lot with kitchen prep area, small cafe and other storage rooms. Together these three freehold lots secure the incoming managers with voting rights and bolsters the long-term collateral investment.

- Prime beachside position on The Strand popular with tourists and corporate visitors
- Net profit over $1,300,000 p.a. underpinned by Body Corporate salary of$147,230 p.a.
- Total of 156 apartments over 14 levels with solid letting pool of 123 units currently
- Long tenure with20 years remaining on Caretaking and Letting Agreements governed underone BC scheme
- Freehold lotsinclude operational areas - office, reception, board room, storage, 2-bed manager's unit
- Freehold title lot -kitchen prep room and small cafe (not currently in use), various storage rooms
- Strong and consistent performance withcirca 88% occupancy and an average ADR of $185.33 p/n.
- Diverse range of rooms types with amazing oceanviews and onsite amenities including pool, BBQ areas
- All inspections by appointment only

Date updated: 19 Apr 2026 23:00:07

Business Summary