Sitting right in the heart of the Townsville CBD with frontages to Denham, Sturt Street and Walker Streets, “The Dalgety” offers you the opportunity to complete a business dream that started in 1924 when iconic Australian pastoral firm Dalgety & Co Ltd constructed its North Queensland warehouse and offices headquarters on part of this very site. Fast forward to 2011 and the heritage listed facade and name has been retained, but erected above it, is the northern capital’s tallest residential building, offering owners and tenants the opportunity to enjoy Townsville’s newest piece of history.
The complex offers residents, tenants and guests uncompromised luxury with its fully equipped gymnasium and a spectacular, landscaped roof-top swimming pool and BBQ area affording 360 degree views. There are 117 apartments made up of 43 x 1 bedroom; 65 x 2 bedroom; 8 x 3 bedroom sub penthouses and 1 x 4 bedroom penthouse. Befitting a building of this size and quality, The Dalgety has been designed to be operated and maintained by a professional on site management team. However just prior to the building settling in late 2010, the developer of the complex went into receivership. Receivers PPB have now revised the Caretaking and Letting agreements. A full 25 year term is offered along with a starting salary of $150,000 + GST per annum. Specialist management rights accountants, Archer Gowland, have projected a base case year one net profit of $202,000 inclusive of salary (based on a model of 26 apartments in letting pool), and the contracts will contain a claw-back / claw-forward clause. The 2 bedroom managers unit which forms part of the management rights package is on the 9th floor level, allowing easy access by walkway to the adjacent roof top pool and BBQ area. The unit is brand new and enjoys expansive views over the Townsville CBD.
The management and letting rights and associated managers unit is for sale by expressions of interest which closes on April 8th at 5pm. To arrange an inspection or obtain a copy of the DVD presentation incorporating the agreements and profit projections, contact the marketing agents.

The Dalgety is situated in the Townsville CBD just a short stroll to all facilities and the Townsville Harbour.

A copy of the Sustainability Declaration is available on request from the agent.