Townsville City, Queensland

$1,450,000

Property Description

Motivated Vendors Wishing to Retire - 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 131m2 manager's apartment with stunning views - and $138,380 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. Solarus is Gallery Vie compliant. Townsville accommodation enjoys real stability from the mining and military market segments and permanent letting enjoys stable occupancies. Vacancy rates in Townsville are at an all time low. With the new Townsville Super Stadium, the Adani Mining Headquarters in the CBD, Townsville continues to prosper. This is an excellent time and opportunity to purchase a top quality residential building. Please contact Calvin for further information.

Property Summary

Business Snapshot

Price: $1,450,000 Net Profit: $254,000 Remuneration / Body Corp Salary: $138,380Body corp salary review: CPI Annually

Managers Unit

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

Complex Information

Complex Type: PermanentTotal Units in Complex: 73Total Units in Letting Pool: 37Permanent Units: 37Owner Occupy Units: 40Outside 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

Phone

Listing Tools

Property Map

Map Location ( get directions )

Townsville City, Queensland 4810 Exact map location not provided

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