Chevron Island, QLD - $650,000 New
Net Income: $62,000
Remuneration: $38,250
Letting Pool: 19
Total Units: 24
Manager Unit Value: $410,000
Manager Unit: 2 bedroom apartment
This apartment complex is situated on Chevron Island in a convenient and popular location with an in-ground pool and secure parking. Only a short stroll to the beaches, markets that are held weekly, and close to schools for family. The business is very easy to run as there is only a residential building with 1 owner, 2 outside agents, and no holiday units. The agreement still has 24 years and 11 months to go.
The current owner is renting out the manager’s unit for the past two years for $420 per week which is a total of $21,840 on top of the income. Body Corp and letting total $62,000.00 plus $21,840.00 rental for managers unit totals $83,840.00. It still has potential for growth as the current owner calls outside tradies for any unit maintenance. You can make extra income extra income from maintenance.
The manager’s unit has two bedrooms and 2 parking spaces with storage.
Features include:
- Security access to the building; secure undercover basement parking
- Swimming pool
- Well maintained complex; excellent on-site management
- Just minutes to shops, cafes, restaurants & public transport; Close to beaches; Easy access to Highway; 10-minute drive to schools
Secure this opportunity today! Call Robert on 0433 000 888 for further information!
