Surfers Paradise, Queensland

$1,050,000

Property Description

SITTING PRETTY IN CHEVRON ISLAND

Glowing with new exterior paint and total garden upgrade this desirable 50 apartment permanent complex just a short stroll from Chevron Island Village and HOTA will appeal.

Minimal lawn and low maintenance gardens surround the sparkling lap pool and heated spa and the well-equipped gym is a bonus for marketing.

24 years to run on Agreements, Gallery Vie compliant and current Manager’s live off-site. The attached Office is on title with no set hours and the remuneration is generous. Predominantly large 1 bedroom apartments with high percentage of investors.

Secure and spacious 2 bedroom, 2 bathroom, air conditioned Manager’s apartment with oversized master and open plan living leading to sizeable rear deck and extensive front balcony respectively. Abundant storage and 2 car accommodation always an asset.

Government Infrastructure, development and lifestyle is driving momentum in this area and this great business can place you right in the heart of the Gold Coast!

Property Summary

Business Snapshot

Price: $1,050,000 Net Profit: $128,365 Remuneration / Body Corp Salary: $73,004Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $420,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Spacious 2 bedroom, 2 bath,air conditioned, 2 car side by side, private front balcony and rear courtyard

Complex Information

Complex Type: PermanentTotal Units in Complex: 50Total Units in Letting Pool: 34Permanent Units: 34Owner Occupy Units: 6Outside Agent Units: 9Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesSauna: YesGym: YesPay TV: Yes

Marketing Agent


Marketing Agency

Property Bridge

Rhonda Perkins
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Phone

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Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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