Location, Elegance and Quality.
A magnificent building in the heart of the entertainment and restaurant hub of downtown South Townsville. Only 8 years old and every apartment has views of the marina and the ocean. Secure access to both the building and the car parking adds to the great feeling of the building.
Enter the foyer and be pleased by the shining tiled areas with open seating and the reception office. The four cores of the building each has a lift to whisk you to the comfort and privacy of your apartment and the massive balcony that gives you your views of the marina and channel.
Modern quality fittings, 2 bathrooms in each apartment and built in wardrobes in every bedroom.
The manager's apartment is completely separate from the office so when you are at home you are not at work. The building is not difficult to maintain in a pristine condition and the equipment is all supplied by the body corporate.
Letting pool currently sits at 40, No set office hours plus onsite training will be available for an extended period if required.
BC Salary: $133,865 (increase to $135,889 from June)
Net Profit: $239,968
Unit Price: $530,000
Business Price: $1,007,865 (4.2 multiplier)
Net Profit: $239,968 Remuneration / Body Corp Salary: $133,865
Managers UnitValue of Managers Apartment: $530,000Bedrooms: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 73Total Units in Letting Pool: 27Holiday Units: 27Owner Occupy Units: 38Agreement Term Remaining: 22 years