Townsville City, Queensland


Property Description

Luxury Waterfront Permanent

One of Townsville’s newest luxury residential high-rise properties. Magnificent water and city views. Excellent permanent letting business with opportunity to expand the letting pool. Currently, additional rentals are also managed in the adjacent building. There is a top quality managers apartment and $135,889 Body Corporate salary. Property recently repainted. Ideal easily run business and suitable for semi-retired couple. Low caretaking maintenance and no gardening or mowing. Very supportive Body Corporate committee. Townsville accommodation enjoys real stability from the mining and military market segments and permanent letting enjoys stable occupancies. With the new Townsville Super Stadium to be located across the Ross River, the Adani Mining Headquarters in the CBD, Townsville is set to boom. This is an excellent time and opportunity to purchase a top quality residential building. Solarus is Gallery Vie compliant. Please contact Calvin for further information.

Property Summary

Business Snapshot

Price: $1,492,000 Net Profit: $239,968 Remuneration / Body Corp Salary: $135,889Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $530,000Bedrooms: 2Bathrooms: 2Office: Exclusive Use
Very spacious 131m2 two bedroom ensuited apartment with stunning views.

Complex Information

Complex Type: PermanentTotal Units in Complex: 73Total Units in Letting Pool: 40Permanent Units: 40Owner Occupy Units: 37Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: YesSpa: YesGym: YesBBQ Area: YesPay TV: YesWIFI: Yes

Marketing Agent

Calvin Bailey

Marketing Agency

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey Management Rights

Calvin Bailey
Calvin Bailey Management Rights


Listing Tools

Property Map

Map Location ( get directions )

Townsville City, Queensland 4810 Exact map location not provided

Similar Properties

Solid salary income! Vendor must sell!

Solid salary income! Vendor must sell!

Net Income: $172,000
Managers Estate: $565,000 2 Bed 2 Bath
Letting Pool: 28

Shine Realty
Resort Style Living -  Upmarket Permanent Property

Resort Style Living - Upmarket Permanent...

Net Income: $275,828
Managers Estate: $375,000 3 Bed 2 Bath
Letting Pool: 83
Remuneration: $151,000

Calvin Bailey Management Rights


Net Income: $290,000
Managers Estate: $400,000 3 Bed 2 Bath
Letting Pool: 33
Remuneration: $74,000

Resort Sales