Townsville City

Freehold $4,300,000

2510MF - Are You Kidding Me??? Huge Price Reduction on Iconic Location

•    Located on Townsville's iconic The Strand
•    Large Freehold complex on 2 titles with street access from both The Strand and Mitchell Street
•    Currently run as a motel with 9 fully self-contained townhouses on Title 1 and 6 townhouses and studio apartment on Title 2
•    Impeccably kept complex with recently upgraded pool and spa, plus undercover barbeque area and lock up storage sheds
•    Manager's residence with four double bedrooms overlooks The Strand and magnificent views to Magnetic Island

Owned by the same family for 26 years, this once thriving motel business has been allowed to slow to just a trickle due to health issues. This beachfront property presents a golden opportunity for an astute buyer to rejuvenate the business either as a motel, permanent letting or re-develop this prime location.

The owner is willing to sell the titles separately, with Title 1 on The Strand at $4,300,000 or the combined Titles 1 and 2 at $6,700,000.

Contact Mark English from Tourism Brokers for further information or to arrange an inspection.

Property ID: 2510MF (quote when enquiring)

Property Type business
Land Area m2 2,626 m2
Floor Area m2 1 m2

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Mark English

0437 949 113
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