Townsville, Queensland

Business & Location with spectular waterviews | Resort Brokers ID : MR006592

$1,080,000

Property Description

Riviera Apartments is located in South Townsville overlooking the banks of Ross Creek which gives a diverse city aspect with water and yacht views. This complex is made up of side by side towers with 2 & 3 bedroom units, fully air-conditioned with secure on site parking.



  • Enviable location

  • Opportunity to grow the letting pool

  • Permanent letting

  • Lifestyle business

  • Very spacious manager's residence with views

  • Experienced staff to assist with transition

  • Property inspections are by appointment only

Date updated: 02 Jun 2021 13:00:06

Property Summary

Business Snapshot

Price: $1,080,000 Net Profit: $78,208 Remuneration / Body Corp Salary: $70,120

Managers Unit

Value of Managers Apartment: $750,000Bedrooms: 4Bathrooms: 3Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 39Total Units in Letting Pool: 10Holiday Units: 10Owner Occupy Units: 22Outside Agent Units: 7Agreement Term Remaining: 16 years
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