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CHEVRON ISLAND
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CHEVRON ISLAND, QLD
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Very Motivated Seller, Short Stay Complex Chevron Island
Chevron Island, QLD, 4217
Services
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Management Rights
$810k MR & $550k Unit = Total $1,360,000
An exceptional opportunity exists to secure a well-established management and letting rights business in the heart of Chevron Island, one of the Gold Coast's most vibrant and tightly held lifestyle precincts. The complex comprises only one-bedroom apartments, a configuration that keeps overheads low and operational complexity to a minimum. The business produces an audited net profit of over $183,000 per annum under a single operator, demonstrating consistent performance and strong financial fundamentals.Average occupancy sits at 58 per cent and benefits from strong repeat patronage, reflecting the quality of both the accommodation and the location. The body corporate pays a fixed salary of $67,003 per year, and the agreements have 18 years remaining following recent top-ups, providing excellent long-term security. There is no requirement to reside onsite and no fixed office hours, offering genuine lifestyle flexibility for the incoming operator. The one-bedroom manager's unit can be returned to the letting pool to lift returns further if desired. An office is held on title, providing secure reception space and additional asset value.Chevron Island is a walkable village moments from Surfers Paradise, favoured for its riverside parks, boutique dining, and relaxed beachside lifestyle. The precinct continues to attract both residents and visitors seeking convenience, amenity, and proximity to the beach without the density of the main tourist strip.For buyers seeking a flexible, low-maintenance business with reliable cash flow, solid growth prospects, and an enviable Gold Coast address, this opportunity demands inspection.
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