63 THE STRAND

North Ward QLD 4810

Unit

Kerrie Lush, last sold this property on 11 January 2026 after -1 days on market.

Overview

Thriving Area, Excellent Returns

This expansive 55-unit accommodation complex presents a remarkable investment opportunity, generating a robust net profit exceeding $600K annually, complemented by a substantial body corporate salary. The manager's residence is a well-appointed two-bedroom, two-bathroom unit, ensuring comfortable onsite living. Townsville’s property market is experiencing significant growth, with experts predicting property prices to rise by 25-30% in 2025, making it one of Australia’s fastest-growing markets. This surge is driven by strong buyer demand, attractive affordability, and appealing lifestyle opportunities. The region’s tourism industry has also seen record-breaking growth, with a 22.7% increase in overnight visitors and a 10.3% rise in overnight visitor expenditure, totalling $1.2 billion. This uptick reflects the area’s growing appeal as a must-visit destination. Moreover, corporate travel is on the rise, with 67% of business travel professionals expressing optimism about the industry’s outlook for 2025. This resurgence underscores the importance of in-person interactions and is expected to contribute to increased demand for quality accommodations. Given these favourable trends, this property offers substantial upside potential, catering to both the booming drive accommodation sector and the returning corporate traveller. Acquiring this large-scale management rights business in such a thriving market promises a lucrative income and an enviable lifestyle. Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks

Features

Unit

Estimated Value

Based on this property and similar units sold in North Ward over the last 12 months, the estimated median property value of 63 THE STRAND is $441.5k.

Median value

$441.5k

Estimated value range

$140k - $1.1m

Median days on market

Estimated value trend

16%

increase over the last 12 months

Average days on market is based on recent, comparable sales in North Ward. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.