Townsville City, Queensland

$295,000

Property Description

Urgent Sale

Rare opportunity for an astute operator.
Strand Park Hotel is in the perfect location on The Strand in Townsville, overlooking Cleveland Bay and Magnetic Island. Close to restaurants, Cafes, Shops parks, Jezzine Barracks, coastal boardwalks and swimming beaches.
Comprising holiday rentals of mainly 1 bedroom hotel rooms but also two in the permanent pool.
An Operator with the necessary business skills can bring this complex back to its former glory making this a top and likely very profitable opportunity.
Manager is not required to reside onsite.
The business is very well priced to meet the market.
Manager has one bedroom plus study ground floor apartment.
Situated on The Strand close to restaurants, parks, and coastal boardwalks.

Property Summary

Business Snapshot

Price: $295,000 Remuneration / Body Corp Salary: $37,000Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $270,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On Title
Self-contained, fully furnished secure 1 bedroom - 1 bathroom apartment with split system air-conditioning 103m2 Adjoining office on title. Can be modified to two bedroom.

Complex Information

Complex Type: MixedTotal Units in Complex: 31Total Units in Letting Pool: 5Holiday Units: 3Permanent Units: 2Owner Occupy Units: 4Outside Agent Units: 21Manager Units: 1Agreement Module: StandardAgreement Term: 25 yearsAgreement Term Remaining: 23 yearsPool: YesSpa: YesBBQ Area: 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

This listing last updated: 14th September 2020

Property Map

Map Location ( get directions )

Townsville City, Queensland 4810 Exact map location not provided

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