Wow, what an investment opportunity! It’s like finding that legendary pot of gold at the end of the rainbow.
In this case, the end of the rainbow is on Thomas Drive, only metres to Chevron Island’s trendy cafes, restaurants and village atmosphere.
It’s an opportunity for outstanding returns now and big capital growth in the future. Tightly held and in great demand, rare gems like this one offer endless options for the astute investor:
- An owner occupier can live on site in the comfortable 3-bedroom upstairs apartment while enjoying a healthy rental income and an enviable Gold Coast lifestyle.
- Lease out all five apartments. As the landlord of this easily managed investment, you can expect maximum returns, as the location will always attract eager tenants.
- Whichever option you choose, you can be confident that redevelopment opportunities will arise in the not too distant future. Your chance to capitalize big time on your very wise investment!
- A couple of the apartments have already been renovated and will attract top returns. Update the rest and you could expect an income of around $90,000 p.a., that’s gross return of over 6% on the purchase price before you even consider capital growth.
The complex backs onto a quiet cul de sac and features a swimming pool, communal laundry and accommodation for 7 vehicles including two lock-up garages. The exceptional location has a bus stop virtually at the door, and it’s just a stroll to across the bridge to central Surfers Paradise for international shopping, nightlife and world-famous beaches.
- Brick & tile complex with dual street frontage
- Four single bedroom units in a line on ground floor
- One 3-bedroom unit on the first floor
- Living rooms overlook fenced pool in courtyard
Chevron Island is one of the largest of the Gold Coast’s canals and is not an official suburb, but a part of Surfers Paradise with Main Beach to the north and Broadbeach to the south.
It is homely with riverfront houses overlooking the busy Surfers Paradise precinct and suburban streets. The island is also trendy with classy cafes and eateries of all flavours along the main street. There is a fantastic fish and chip shop, two bakeries, a bottle shop and two superettes all retaining a village atmosphere. Simply cross the bridge to reach Surfers Paradise.
Chevron Island lets you enjoy all the excitement of the Gold Coast with the theme parks on the Gold Coast corridor only 30 minutes drive north and a choice of 13 international golf courses and additional public courses in the vicinity.