Chevron Island, Queensland

Permanent Gated Complex!!!

SOLD

Business Description

Permanent Gated Complex!!!

Beautifully presented gated complex offering great potential and no set office hours. It is a spacious, well designed and has superbly maintained facilities including a Resort style Pool & BBQ area.

This pet friendly gated complex is located just a few minutes' walk to Chevron Islands many restaurants, bars, cafes and a short stroll to HOTA entertainment precinct, and Surfers Paradise beach.

The managers three bedroom two bathroom unit lacks for nothing. Comfortable and spacious with a separate office on title and two secure car spaces. Fully functional kitchen, separate laundry, large airy lounge and dining room opens to a lovely easy care balcony. Good finishes, low Body Corporate fees and certainly well worth an inspection!!!

To arrange an inspection call: Gavin

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.

Business Summary

Business Snapshot

Price: SOLD Net Profit: $67,000 Remuneration / Body Corp Salary: $41,700

Managers Unit

Value of Managers Apartment: $800,000Bedrooms: 3Bathrooms: 2Car Spaces: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 21Total Units in Letting Pool: 10Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 21 yearsPool: Yes

Marketing Agent

Gavin Mattig

0409 60....

Gavern Property - Management Rights

Key Investment Insights

1. The complex is located in a highly desirable and convenient location, with easy access to amenities such as restaurants, bars, cafes, and entertainment options.
2. The complex is pet-friendly, making it appealing to a wider range of potential tenants.
3. The complex has a well-maintained and attractive resort-style pool and BBQ area, adding value to the property.
4. The managers' unit is spacious, well-equipped, and includes a separate office on title and two secure car spaces.
5. The complex has low Body Corporate fees, making it an affordable option for potential buyers.
6. The business has a solid net profit of $67,000, providing a good return on investment.
7. The managers' remuneration/body corp salary is $41,700, providing a stable income for the managers.
8. The managers' apartment has a high value of $800,000, indicating a desirable and well-maintained property.
9. The complex has a high number of units in the letting pool (10 out of 21), indicating a strong demand for rental properties in the area.
10. The agreement term remaining is 21 years, providing long-term stability for potential buyers.

Management Rights Multiplier: 2.91
ROI Estimate: 34.36%