Chevron Island, Queensland

Conveniently Located Permanent Complex!!

SOLD

Business Description

This small complex is located on Chevron Island adjacent to Surfers Paradise. This island is part of Surfers Paradise, however, it maintains a relaxed village-like atmosphere - a quiet oasis in the heart of Surfers Paradise, and boasts boutique shops, local cafes, gift shops, award winning restaurants and bars as well as a shaded fishing platform for lazy days by the river.

Across one of the bridges that connect Chevron Island to Surfers Paradise you are able to experience all the action of Surfers Paradise, as well as the world famous beaches for which the Gold Coast is famous, or the retail shopping areas whilst the other bridge allows access to the Arts Centre.

The managers unit is a furnished and refurbished 1 bedroom with en-suite, and an additional bedroom cum study. Both bedrooms have access to the en-suite bathroom. A refurbished and fully functional kitchen can be accessed from the one bedroom, whilst the lounge cum dining area adjoins the kitchen. Two secure car spaces are available to the manager as well as a lock up shed in the basement.

The manager is required to live onsite, however, need only be contactable during caretaking hours. A letting agreement is also available for activation.

To arrange an inspection please call: Gavin - ---------- or email: ----------

Business Summary

Business Snapshot

Price: SOLD Net Profit: $27,000 Remuneration / Body Corp Salary: $30,000

Managers Unit

Value of Managers Apartment: $235,000Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 20

Marketing Agent

Gavern Property

Gavern Property - Management Rights

Key Investment Insights

1. The complex is located in a highly desirable and convenient location, close to popular tourist attractions and amenities.
2. The island maintains a relaxed and peaceful atmosphere, making it an attractive place to live.
3. The complex is small, with only 20 units, making it manageable for a single manager or couple.
4. The manager's unit is well-maintained and has been recently refurbished.
5. The manager is only required to be contactable during caretaking hours, allowing for a flexible lifestyle.
6. A letting agreement is available for activation, providing additional income potential for the manager.
7. The net profit for the complex is $27,000, with a remuneration/Body Corp salary of $30,000.
8. The value of the manager's apartment is $235,000, providing a comfortable living space for the manager.
9. The office is included on title, providing a designated workspace for the manager.
10. The complex is a permanent complex, providing a stable and consistent income for the manager.

Management Rights Multiplier: 2.96
ROI Estimate: 8.57%