Chevron Island, Queensland

Permanent Gated Complex!!!

Under Contract / Offer

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: Under Contract / Offer 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. Permanent gated complex offering great potential and no set office hours.
2. Located in a prime location, just a few minutes' walk to restaurants, bars, cafes, and entertainment precincts.
3. Pet-friendly complex with a resort-style pool and BBQ area.
4. Managers unit is spacious and well-designed with a separate office and two secure car spaces.
5. Low body corporate fees and good finishes.
6. Net profit of $67,000 and remuneration/body corp salary of $41,700.
7. Managers apartment valued at $800,000.
8. Complex type is permanent with 21 units in total and 10 in the letting pool.
9. Agreement module is accommodation with a term of 25 years and 21 years remaining.
10. Complex features a pool for residents to enjoy.

Management Rights Multiplier: 2.91
ROI Estimate: 34.36%