Surfers Paradise, Queensland

$1,130,000

Property Description

LIVE OFF SITE

Enjoy the cafes, restaurants, entertainment and local shopping within Chevron Island community! This lovely holiday apartment complex is only 2 km from Surfers Paradise Beach.

One bedroom, fully self-contained apartments with the essential amenities of swimming pool, spa and BBQ area all set amongst a lush garden setting. This complex has been well maintained and recently painted

Long agreements in place with 24 years remaining!

No need to live on-site.

Given the eight outside agents currently within the complex there is scope to increase your letting pool by a massive 33% which in turn will significantly improve your profitability.

A great return on investment and lifestyle awaits you

Property Summary

Business Snapshot

Price: $1,130,000 Net Profit: $178,378 Remuneration / Body Corp Salary: $57,287Body corp salary review: CPI Annually

Managers Unit

Value of Managers Apartment: $230,000Bedrooms: 1Bathrooms: 1Car Spaces: 1Office: On TitlePets OK: Yes
No Need to live onsite

Complex Information

Complex Type: HolidayStar Rating: 3Total Units in Complex: 40Total Units in Letting Pool: 24Holiday Units: 23Permanent Units: 1Owner Occupy Units: 7Outside Agent Units: 8Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 24 yearsPool: YesSpa: YesBBQ Area: YesWIFI: Yes

Other Features / Notes

No need to live onsite

Marketing Agent


Marketing Agency

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Map Location ( get directions )

Surfers Paradise, Queensland 4217 Exact map location not provided

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