Chevron Island, Queensland
Retiring Seller - Owner Must Sell!
SOLD
Business Description
Work an hour a day* for $50,000+pa*
It doesn't get more central than Chevron Island. Connected by two bridges to Southport and Surfers Paradise, both within walking distances, this opportunity is primed for growth. Already a thriving area with small businesses, café, restaurants, bars and boutiques lining the main street, you won't find a better opportunity.
My Seller is retiring and has already purchased elsewhere, and so is exceptionally motivated to sell. I am under instructions to present offers. Make your offer today!
* $50,853* FY2022 Net Operating Profit (NOP)
* $30,744* per annum current Caretaker salary with CPI annual increases
* 16 years left on caretaker and letting agreements - expiry in 2038
* 11 units out of the 22-unit complex are in permanent letting pool
* Manager's unit is over 30%* larger than other units in the complex and includes basement storage room and 1 car park
* Your option to value-add holiday letting to the existing permanent pool
* Motivated seller is retiring and has purchased elsewhere
A golden opportunity that is an absolute must to inspect. An ideal entry-level management rights business with flexible and low working hours. Perfect as a second income or an easy lifestyle. My Seller is not testing the market, this will be sold.
*Approx.
Disclaimer:
Ray White has not independently checked any of the information we merely pass on. We make no comment on and give no warranty as to the accuracy of the information contained in this document which does not constitute all or any part of any offer or contract by the recipient. Prospective purchasers / lessees must rely on their own enquiries and should satisfy themselves as to the truth or accuracy of all information given by their own inspections, searches, inquiries, advices or as is otherwise necessary. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions toward the recipient with regard to the use of this information and all information given is given without responsibility.
Business Summary
Key Investment Insights
1. Prime location on Chevron Island with easy access to Southport and Surfers Paradise.
2. Thriving area with small businesses, cafes, restaurants, bars, and boutiques.
3. Motivated seller who is retiring and has already purchased elsewhere.
4. Net Operating Profit of $50,853* for FY2022.
5. Current Caretaker salary of $30,744* per annum with CPI annual increases.
6. 16 years left on caretaker and letting agreements.
7. 11 units out of 22 are in the permanent letting pool.
8. Manager's unit is over 30%* larger than other units in the complex and includes a basement storage room and 1 car park.
9. Potential to add holiday letting to the existing permanent pool.
10. Ideal entry-level management rights business with flexible and low working hours.
11. Perfect as a second income or for an easy lifestyle.
12. Ray White has not independently checked the information and makes no warranty as to its accuracy.
13. Prospective purchasers/lessees must conduct their own enquiries and satisfy themselves as to the accuracy of the information.
14. No duty of care is assumed by Orchid Avenue Realty trading as Ray White Surfers Paradise Commercial divisions.
15. Managers unit and complex information provided in separate sections of the listing.
