Semi-rural Acreage for sale
8 Cowry Close,
10 4 6
Great nett return and free holidays foreverTwo luxury apartments in a house on Tangalooma hill side. Sweeping views and glorious sunsets.
Two fully self contained Apartments
7 bedrooms, 4 bathrooms, Media room with pool table, Gym in
garage . The only Private swimming pool on hill top. 3 car garage, Pajero Diesel, Jet ski and golf buggy included.
Fully furnished to highest standard with 2x icemaker fridges, 2x washing machines, Granite bench tops, 4 x led tv/dvd, stereo, play station etc. Fully furnished to the highest standard. Replacement value of house over 1 Mill. Build in 2008
Only 75 minutes from Brisbane by daily ferry.
Fantastic 180 degree views
Your Holiday home and good income.
130 year lease in National Park with no more land releases.
The property is 100% managed via internet with bookings, banking and cleaning.
Land area is 453m2 and the house is build to 2 mt from the boundary (at least 450 m2 internal).
The property is strategically situated at the highest point of the island with a park in front so that it can not be build out or loose the amazing view.
Rental return p/a is 127,000.00 gross in approx 7-8 month of the year. The other 4-5 month are for your free paid holiday, every year.
Outgoings to the resort is 23,000 p/a That includes waste disposal twice a week, watering and maintenance of all gardens around the house, supply of Free unlimited water, . There is no land tax or extra council fees as it is all included in the sub lease from the resort.
Electricity and gas is approx $4300.00 p/a ( should drop now as fitted a new energy saving pool pump and dropping oil price)
Cleaning bill $13,000.00 p/a
That is over 7% net return in 8-9 month
For Sale due to ill health
Last updated: 02:16PM on Aug 22nd 2016