Townsville City, Queensland
Acquire Prime Accommodation Business - Amazing river views and modern amenities | Resort Brokers ID : MR008586
$2,500,000
Business Description
ResortBrokers introduces the Itara - Jacana Apartments in Townsville, a prime management rights opportunity offering river views from all apartments.
Located near the vibrant Riverway complex and a major shopping centre, it also benefits from proximity to key facilities, including the general hospital, James Cook University (JCU), Lavarack Army Barracks, major sporting complexes, and the largest tavern in Queensland. Additionally, it is close to the police and fire training facility.
With no nearby accommodation competitors, this business has a strong track record of consistent revenue growth. Supported by efficient, long-term staff ensuring smooth operations, it offers an easy transition for the new owner.
- Prime asset offering river views from all apartments
- Located a short walk from the vibrant Riverway multi-faceted complex
- Track record of consistent revenue growth
- Diverse accommodation options catering to a wide range of guests
- Efficient, long-term staff ensuring smooth operations and easy transition
- Strategically located near a major shopping centre
- Situated in a strong regional Queensland city
- Inspections by appointment only
Video Presentations
Cafe at Riverway:https://vimeo.com/ ---------- Itara Apartments:https://vimeo.com/ ---------- Jacana Apartments: https://vimeo.com/ ---------- Riverway Precinct:https://vimeo.com/ ----------
Date updated: 20 Apr 2025 23:00:05
Business Summary
Business Snapshot
Price: $2,500,000
Net Profit: $467,665 Remuneration / Body Corp Salary: $238,905
Managers Unit
Value of Managers Apartment: $500,000Complex Information
Complex Type: Resort / HolidayTotal Units in Complex: 121Total Units in Letting Pool: 72Owner Occupy Units: 20Outside Agent Units: 28Agreement Term Remaining: 19 years