GATED PERMANENT COMPLEX IN TOWNSVILLE, ONE PERSON BUSINESS HIGH NET PROFIT, UNDER 3 TIMES MULTIPLIER!
We are proud to have been appointed as Brokers to market the Management Rights and associated real estate of the Quadrant Apartments.
The Quadrant Apartments is a gated permanent le????ng complex in Townsville. Located in Wulguru, it is centrally
located to attract tenants from the Hospital and the Defence Force. It enjoys very high occupancy with little to no
The property is easy care, with tropical gardens and lawns that take around 1 day per week to maintain.
The Body Corp duties are minimal and there are no fixed office hours.
There is a fully equipped free standing Office and also a large storage shed with kitchenette on title. The Manager’s accommodation is a very spacious 2 bedroom, 2 bathroom ground floor apartment with own grassed yard.
The Complex has a swimming pool, and no public BBQ’s to clean. There is extra income derived from mowing the
The current owner lives in an investment apartment onsite and has an after hours Manager living in the Manager’s apartment.
This allows the owners to work an 8am to 5pm day.
This property is easily run by 1 person, or would provide an excellent lifestyle for a couple.
Rarely do permanent complexes in Townsville come to the market, this is an outstanding example of a great property!
Low 3.7 multiplier.