MR business with protected letting pool in the best location in Townsville

Located on the prime location of The Strand, Waters Edge is a 5 minute walk from Townsville centre and has stunning views of Magnetic Island and Cleveland Bay. Having been run under management for 15 years, Waters Edge has all the elements of a high performing property. Boasting a net profit of $417,524 with a $62k per year BC salary, this business presents an 18.5% return on investment.

  • Best location in Townsville on The Strand
  • 18 years remaining on agreements
  • Over 25% return on equity after management and borrowing costs 
  • Been run under management since 2005 - upside for owner operator
  • Consistent net profit over the last 15 years
  • Be part of the domestic tourism boom in QLD 2022 - 2025
  • Property inspections are by appointment only 
Steve Campbell

Interested? Why not give Steve Campbell a call on 0407 220 668 or