Permanent Business-Only Management Rights - 1P5180MR

EXCLUSIVE TO CRE BROKERS. Waterview Terraces is a well-recognised complex in the heart of Townsville and presents the buyer with a secure income from the Body Corporate while providing opportunity to grow the rental pool.

There is no residence to be purchased with the Management Rights. The current manager rents a comfortable three bedroom, two bathroom unit with secure under cover parking with panoramic views from the balcony.

TOTAL NUMBER OF UNITS : 80
UNITS IN LETTING POOL : 26
NET PROFIT : $152,198

REAL ESTATE PRICE : NA
BUSINESS PRICE : $660,000
TOTAL ASKING PRICE : $660,000