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.
Remuneration / Body Corp Salary: $37,000Body corp salary review: CPI Annually
Managers UnitValue 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 InformationComplex 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