Waterfront Development And Business Freehold Opportunity
The owners are liquidating and this exceptional freehold property over 2,600sqm with two-street frontage to the Strand on Townsville's waterfront and Mitchell Street is offered for sale together with the associated holiday apartments business on a WIWO basis. Ideal for a family business operation. Fifteen fully self contained two bedroom townhouses and one studio apartment. Four bedroom beachfront manager's residence. Office and reception adjoining but closed off to manager's residence. Large lockable common area with BBQ facilities and seating for guests use. Carpark to each townhouse and two secure carparks to manager's residence. Conveniently located on Townsville's waterfront with exceptional ocean views and easy access to the beach, there are tourist attractions, cafes, restaurants, boutiques and a shopping centre within very close proximity. Opportunities for the property are endless and include: Continue to operate the holiday apartments business as an ongoing concern. Convert townhouses into permanent rentals and generate a substantial passive income. Strata title each individual townhouse and manager's residence. Limitless redevelopment potential in a prime waterfront location. The business has been built up by the current owners for the past twenty years, and during that time they have developed an excellent corporate client base along with repeat leisure business. The buildings are approximately thirty years old and have been regularly upgraded and maintained continuously. The swimming pool and spa have also been completely refurbished recently. All townhouses are fully self contained with two bedrooms and bathroom upstairs, private laundry, kitchen and living area downstairs. With great occupancy rates which cater for short, medium or long term bookings, this property offers guilt edge returns to the astute investor. TO VIEW THE PROPERTY VIDEO PLEASE CLICK ON THE MORE INFORMATION ICON ABOVE.