This is a rare opportunity to purchase a beautifully renovated 6th floor apartment in the ever popular Whitsunday Apartments that is out of the letting pool. This means all the income your property produces, is yours. The rental figures are outstanding and consistent.
2018-2019 over $88,000 gross income was produced. Once all management fees, cleaning, rates, body corporate fees etc. were taken out, the owner was left with over $38,000 in net income.
That is over a 6% net return at full asking price of $620,000. To make things even better, there are still spaces in the booking calendar for the new owner to enjoy their investment a few times every year.
There are only a small percentage of units in the complex that are out of the letting pool. There is a 10 year waiting period to remove yourself from the existing letting pool. So this is an incredible opportunity that could be yours now.
This property sleeps 5 people and has recently been renovated with beautiful timber look floors, modern bathroom with well appointed kitchen and beach style furniture throughout. It has a lovely relaxed ambience that you notice as soon as you enter the apartment. The views are outstanding with crystal blue waters and the Whitsunday Islands as far as the eye can see. Located in the resort precinct, you have everything at your door step. Your own complex pool and spa area, the Bougainvillea pool across the road and Catseye Beach just a hop, skip and jump away. The location is perfect.
If you want an easy solid investment that you and the family can enjoy for years to come. Look no further as this is a real gem.
No stamp duty applicable for this transaction.