Chevron Island, Queensland
STUNNING CHEVRON ISLAND PERMANENT MANAGEMENT RIGHTS
IMMEDIATE SALE
Business Description
Located on the highly desirable Stanhill Drive, with a north facing aspect, this charming complex is a real eye catcher delivering enviable living with a profitable business.
Complex provides resort-style facilities and easy to maintain tropical style gardens, this is a low maintenance and low hours business.
Exceptionally motivated vendor with a growing family is relocating for family support.
Spacious 190sqm* manager’s real estate including two-bed plus study, 2 bath and secure basement car park incudes recent renovations undertaken.
A perfect opportunity for a couple or small family to work and play in the delights of this highly desired location.
Keypoints Include:
• Motivated vendor requires a quick sale
• Desirable location! Proximity to Thomas Drive amenities including cafes, bars, restaurants, grocers, bottle shops etc.
• Long-term caretaking and letting agreements to 28 February 2043 (+19 years*)
• $75,249 full-year net profit EOFY (31/12/23)
• $62,736*p.a. current caretaker salary with CPI annual increases every 1st of March
• 7 Units in the permanent letting pool out of 35 units in the complex
• 10 investor-owned units outside of the onsite manager’s letting pool is a big opportunity for a focussed new management to grow the business fast
• Ideal business for a husband and wife or couple to run
• Low hours and low maintenance complex with an office space separate to the manager’s residence
• Resort facilities; outdoor heated pool, spa, barbecue facilities, and secure basement parking
Act now and do not delay as this is one incredible opportunity that will not last.
Please contact Craig Cornish to receive a full information package and or arrange an inspection.
Business Summary
Business Snapshot
Price: IMMEDIATE SALE
Net Profit: $75,249 Remuneration / Body Corp Salary: $62,736Body corp salary review: CPI Annually
Managers Unit
Bedrooms: 2Bathrooms: 2Car Spaces: 1Office: On TitleComplex Information
Complex Type: PermanentTotal Units in Complex: 35Total Units in Letting Pool: 7Pool: YesSpa: YesBBQ Area: Yes
Key Investment Insights
1. Highly desirable location on Stanhill Drive with a north facing aspect.
2. Low maintenance and low hours business with resort-style facilities.
3. Motivated vendor with a growing family looking to relocate for family support.
4. Spacious 190sqm manager's real estate with recent renovations.
5. Long-term caretaking and letting agreements until 2043.
6. Strong net profit of $75,249 for the 2023 financial year.
7. Current caretaker salary of $62,736 with CPI annual increases.
8. 7 units in the permanent letting pool out of 35 units in the complex.
9. Opportunity for growth with 10 investor-owned units outside of the onsite manager's letting pool.
10. Ideal business for a couple or small family.
11. Separate office space for manager's use.
12. Resort facilities including heated pool, spa, and BBQ area.
13. Immediate sale required.
14. Manager's unit with 2 bedrooms, 2 bathrooms, and 1 car space.
15. Complex type is permanent with a total of 35 units and 7 in the letting pool.
