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