Chevron Island, Queensland

$1.35M BUS + $695K UNIT

Property Description

OFF THE PLAN IN CHEVRON ISLAND - $270K + PROJECTED NET | Resort Brokers ID : OTP006183

ResortBrokers brings you an exceptional opportunity to secure the business-only, off the plan management and letting rights to Allure Chevron Island - a 17 level, single tower development in a high growth suburb of the stunning Gold Coast.


Situated in one of the Gold Coast's most dynamic and prestigious locations, Allure Chevron Island,will become a striking landmark of architectural significance. It will comprise 95 exquisitely finished apartments and host a variety of superior on-site amenities including stunning lobby with reception desk, resident's club lounge with fireplace & wine cellar, a sub-tropical ground level courtyard garden, fully equipped gymnasium and rooftop recreational area featuring an infinity pool, sundeck, covered entertainment seating lounge and BBQ facility for exclusive use by residents.



  • Business-only opportunity with manager's operating spaces under exclusive use

  • Permanent management & letting rights with no requirement to live on-site

  • Brand new 25 year accommodation module agreements

  • Projected investor profile of 60% in the letting pool

  • Solid projected net profit in excess of $277K with $125K body corporate salary component

  • Manager to be contactable during standard office hours and at all times for emergencies - no set office hours

  • Whilst not required to own a lot the developer has a preference to sell a unit with the MLR business that can then join the letting pool to generate additional income

  • Variety of floorplans available with 2 bed, 2+ study, 3 bed and 3 + MPR layouts

  • Higher rental price points due to limited new stock, proximity to employment centres & amenity

  • Chevron Island is an outstanding growth location on the Gold Coast

  • Currently under construction with circa 50% pre-sales

  • Walk to attractions & recreation centres including HOTA (arts, culture & parks), golf & turf clubs, beaches

  • Accessible to local bus stops and G:Link connections

  • Developed by Macquarie York and designed by BDA Architects


EXPRESSIONS OF INTEREST SUBMISSIONS CLOSE THURSDAY 23RD APRIL, 2020 - AEST 5PM

Date updated: 17 Nov 2020 23:00:06

Property Summary

Business Snapshot

Price: $1.35M BUS + $695K UNIT Net Profit: $266,571 Remuneration / Body Corp Salary: $125,400

Managers Unit

Value of Managers Apartment: $695,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 95Agreement Term Remaining: 25 years

Marketing Agent


Marketing Agency

ResortBrokers

Alex Cook
ResortBrokers

Phone

Listing Tools

Property Map

Map Location ( get directions )

Chevron Island, Queensland 4217 Exact map location not provided

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