Townsville Seaside Apartments, 105 The Strand North Ward, QLD 4810
For Sale by Expressions of Interest
Expression of Interest
Strand Opportunity - Going Concern or Street-to-Street Redevelopment Site. Suit Owner Operator, Astute Investor or Creative Developer.
- Sea views to Magnetic Island
- Street-to-street frontage
- Going Concern or redevelopment
Currently operated as holiday letting apartments, the property comprises of 2 titles with 9 x 2-bedroom, townhouse style apartments facing The Strand, with ocean views across to Magnetic Island, and 6 x 2-bedroom townhouse apartments plus 1 x studio apartment fronting Mitchell Street. In addition, the property includes an upper-level 4-bedroom manager’s residence with balcony and sea views, inground pool, and undercover BBQ area. All apartments are fully furnished with new TV’s. Property was repainted 3 years ago.
The property offers an opportunity for an owner operator to continue with running the existing holiday letting business or a creative developer to take advantage of the Medium Density (5-level) Residential zoning to redevelop the street-to-street site, or an astute investor to run the apartments as permanent lettings and/or possibly group-title the apartments individually for resale.
Information Memorandum available.
Property ID: 503075994Last Updated: 19 Feb 2019