Townsville Seaside Apartments
105 The Strand Townsville 4810
A golden opportunity to purchase this long established Townsville site of over 2626m2 located in a premier location and close to the Rock pool and Jezzinne Barracks $40 Million foreshore redevelopment park and military museum in North Ward.
The Strand is Townsville’s Iconic seaside promenade with cafes, safe swimming areas, a pool and also military war memorial.
The well maintained property has two street frontages The Strand and also Mitchell Street, North Ward and has operated as a holiday let for over 20 years.
The complex comprises 15 fully self- contained , fully furnished two bedroom two storey Townhouses(with Individual Car parks), a single studio Apartment, a 4 Bedroom Managers Apartment upstairs, with Views to Magnetic Island (with two lockup garages) and a large Office, Living room area and reception downstairs that could be remodelled as a separate single apartment, food outlet or tourist shop.
The rear four townhouses have grassy front gardens, there is also a beautiful recently renovated Pool and Spa at the front of the property, and large lockable common area and shed also on the property.
All townhouses have well maintained and have a high standard of furnishings. As the business has operated for over 20 years as a Holiday let establishment, the Husband and Wife team have a developed a long established repeat leisure and corporate client data base which will generate significant money during the next few months through high occupancy.
The freehold is offered on a Wi Wo basis and the owners are negotiable on price, despite no necessity to sell.
There are endless opportunities for a investor, who could arrange for the property to be subdivided for a small investment.
The Townhouses and front four Bedroom apartment, along with the downstairs front area could be permanently rented or individually sold with this premium location.
Alternatively a shrewd Investor could consider redevelopment of the site, turning the block into a five storey modern apartment block under the newly proposed draft city plan for Townsville’s North Ward.
For a detailed discussion, inspection and negotiation with a highly skilled Estate Agent, please contact Bob Brewster FCPA on 0427400074.