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Wonderful Apartment, Great Business

$949,888

Townsville City, Queensland

Wonderful Apartment, Great Business

This business boasts one of the very best manager's units, with your pet allowed to join you! It contains three spacious bedrooms, a modern kitchen, generous lounge and a separate dining/family area. The master bedroom contains a spacious ensuite with all bedrooms benefitting from generously sized built-in robes. The rear of the low-maintenance unit opens to a tiled courtyard with easy access to the pools and common areas and the secure underground parking.

Sanctuary on Flinders is a resort style permanent accommodation complex that can be operated by one person leaving a partner free to pursue other interests. Enjoy the tropical lifestyle with no set office hours, earn good money, whilst still having ample opportunity to grow the revenue streams. The body corporate are supportive of the manager and the existing managers are on-board to help with a successful transition.

The building is perfectly positioned within a short walk of the CBD and the hospitality and restaurant precincts. Townsville is a very liveable city with a beautiful climate and is considered the capital of North Queensland. Magnetic Island and the Great Barrier Reef are just offshore and the climate is more liveable than Cairns, however it remains only morning's drive up the coast. With a vibrant retail trade, it is a centre for health & education, government administration and defence, construction, and mining services. Not only does this provide a great place to live, but makes it a very simple proposition to avoid vacancies.

Business $554,888
Managers Unit $395,000
Purchase price $949,888

Contact Matthiew Hogg, exclusive listing broker on 0467 736 189 or matth@raas.com.au for your private inspection.

This affordable and quality business is yours for the taking.

Features

Business Snapshot

  • Price: $949,888
  • Net Profit: $137,948

Managers Unit

  • Value of Managers Apartment: $395,000
  • Bedrooms: 3

Complex Information

  • Complex Type: Permanent
  • Total Units in Complex: 55
  • Total Units in Letting Pool: 27
  • Holiday Units: 27
  • Owner Occupy Units: 16
  • Agreement Term: 25 years
  • Agreement Term Remaining: 21 years

Business Links / Tools

Last updated: 8th April 2021

Summary

Property Type
Business
Contract Type
For Sale
Location
 Townsville City
State
 Queensland
Price
$949,888
Category
  • Management Rights
  • Property/Real Estate

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