Chevron Island, Queensland
Permanent MR. Perfect starter or add-on. Chevron Island.
$250K MR $700K Unit = Total $950k
$250K MR & $700K UNIT = Total $950K
Business Description
An exceptional lifestyle opportunity awaits in the heart of the Gold Coast! This well presented complex offers a blend of lifestyle and income, the perfect business for first timers looking for a sea change or experienced operators. Nestled in the sought-after Chevron Island village precinct, enjoy a relaxed, walkable lifestyle with cafés, boutiques, and the beach just moments away.
This secure complex itself has been very well-maintained and was freshly painted late last year, with gardens and common areas also low maintenance, making ideal for a hands-on or semi-passive operator. Onsite amenities include a sparkling swimming pool, spa, and gym, which have all been regularly maintained to a high standard.
Manager’s residence is a spacious 2 bedroom, 2 bathroom apartment featuring a sunny balcony, huge private courtyard, and quality finishes throughout—perfect for owner-occupiers or continued rental. There is currently a nominee in the apartment who is happy to continue lease or vacate for new owner if preferred. Additional rental income with the Manager’s unit currently let at over $18,000 p.a. as 'nominee' for business (on top of the net profit).
- Long agreements with 20 years remaining, with strong, supportive committee.
- On-title office with external entry and no set office hours, offering excellent operational flexibility.
- Body Corporate Salary of over $60,000 + GST, and net circa $90,000 (TBV).
- Strong letting pool comprising high-demand 1 and 2 bedroom apartments—ideal for consistent occupancy.
- Potential for additional rental income from manager unit with 'nominee' options.
- Perfect beginner or 'add-on' business for local operators
Inspections are strictly by appointment only. Contact Greg or Syd today to arrange a private inspection today.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $250K MR & $700K UNIT = Total $950K
Net Profit: $90,000 Remuneration / Body Corp Salary: $60,000
Managers Unit
Value of Managers Apartment: $700,000Bedrooms: 2Bathrooms: 2Car Spaces: 1Complex Information
Complex Type: PermanentTotal Units in Complex: 33Total Units in Letting Pool: 15Owner Occupy Units: 17Outside Agent Units: 1Agreement Term: 25 yearsAgreement Term Remaining: 20 years
Key Investment Insights
1. Ideal location in the heart of the Gold Coast with a relaxed, walkable lifestyle and popular village precinct nearby.
2. Well-maintained complex with low maintenance gardens and common areas, making it suitable for hands-on or semi-passive operation.
3. Onsite amenities including a swimming pool, spa, and gym that have been regularly maintained.
4. Spacious 2 bedroom, 2 bathroom manager's residence with potential for additional rental income.
5. Long agreements with 20 years remaining and a supportive committee.
6. On-title office with external entry and no set office hours, offering operational flexibility.
7. Strong net profit of approximately $90,000 (TBV) and body corporate salary of over $60,000 + GST.
8. Strong letting pool with high-demand 1 and 2 bedroom apartments, ideal for consistent occupancy.
9. Potential for additional rental income from manager's unit with 'nominee' options.
10. Perfect starter or add-on business for first timers or experienced operators.
Management Rights Multiplier: 2.78
ROI Estimate: 36.00%
