In these uncertain times there is always a silver lining for those brave enough to search for it. In property particularly there's an old adage; you make your money when you buy. Simply put this means it's best to buy well than wait for capital growth. In a time where there's less confidence then fortune favours those brave enough to hunt out value.
In any normal market this opportunity wouldn't be available, but we're not in a normal market and we're proud to present an apartment that has been an excellent business venture for it's current owner. For the last three years he has spent time building a strong, consistent business around holiday letting; to the point where the apartment enjoyed a gross return of approximately $140,000 - providing him with around a 12% ROI.
Of course that has been affected for the time being but there is still a healthy pipeline of future guests and there's no doubt in the future these numbers will be possible for another owner.
This price includes all furniture and everything you'll need to move ahead with the current bookings and be available as a world class destination when the holiday makers return.
For the owner occupier this apartment offers over 110sqm of living with two bedrooms + an office, multipurpose room. Of course the finishes are world class with many upgrades throughout. Oversized travertine tiles, waterfall stone bench tops and clever cabinetry to name a few. The wet areas have floor to ceiling glass the aspect is a perfect East to North-East.
This apartment is clearly something special for any buyer. With this size and level of finish a price below $900,000 is very attractive and private viewings are encouraged. For those out of town a virtual tour can be easily arranged.
Features at a glance;
- Two bedrooms + multipurpose bedroom/office space
- First class finishes and upgrades throughout
- North easterly aspect
- Almost brand new building with full resort facilities
- Quiet end of Mooloolaba away from the bars but walking distance to everything
- Low body corp under $5k per year (approximately)
- Track record of consistent holiday income (previously $140k pa gross)
- A strong level of future bookings will transfer to the new owner if they desire
Please call to arrange a Private viewing by Appointment, or to arrange a Virtual tour. Due to COVID-19 restrictions we require each inspection to be booked prior with only one person (family) being allowed to view the property at one time. We thank you for your understanding.