South Townsville, Queensland

Prestigious Permanent MR business in a very popular precinct with solid income | Resort Brokers ID : MR006863

$1,380,000

Property Description

Remained strong and stable during COVID. Situated in the well sought-after location of Palmer Street known as the city's south bank, Solarus is perfectly positioned to enjoy all that the area has to offer.



  • Strong net profit

  • Not effected by COVID 19

  • Owners looking to retire

  • No set office hours

  • Opportunity to expand the income

  • Very comfortably managed by husband and wife

  • Property inspections are by appointment only

Date updated: 18 Jan 2022 22:00:03

Property Summary

Business Snapshot

Price: $1,380,000 Net Profit: $247,829 Remuneration / Body Corp Salary: $140,772

Managers Unit

Value of Managers Apartment: $490,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 73Total Units in Letting Pool: 26Holiday Units: 26Owner Occupy Units: 38Outside Agent Units: 7Agreement Term Remaining: 20 years
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