No, it is not a misprint! This sensational 3 bedroom house with sea views out to the Bluff and Encounter Bay has been operated as a holiday rental for the past 5 years. The current owners have steadily built it up so that it is now booked solidly throughout the year (but still with some capacity to improve). In 2013-14 financial year it grossed more than $46,000. That means its gross income was $884 a week. In 2014-15, bookings (as of late September) already stand at over $22,000.

Recent improvements to the property include:

–> genuine bamboo flooring throughout living area and kitchen

–> new contemporary carpet in all the bedrooms

–> new light fittings

–> renovated bathroom, laundry and toilet

–> refurbished kitchen

–> new super powerful R/C split system

–> pull out canvas blind over front deck

–> new curtains in living area and blind in main bedroom

–> cafe blind on the back outdoor living area (installed in Sept 2014)

–> some external and internal painting

–> outdoor living space (including outdoor TV and electricals).

The property is sold on a walk in walk out basis – so all the internal furniture (and some outdoor furniture), bedding, crockery, cutlery and cookware, electrical items (including 2 x HD TVs, stereo, DVD, stainless steel fridge, washing machine etc), books/games/CDs etc, gas BBQ and much more.

The property is also sold with all forward bookings (should the new owner wish to continue operating the property as a holiday rental – and why wouldn’t you!). The current owner is willing to continue to manage the property (including marketing, taking and managing all bookings, coordinating cleaning & linen/maintenance/gardening) – so you will have a complete turn key, stress free, holiday rental that you can use whenever you wish and which (depending on how often you use it and how your finance is structured) should cover all its costs and possibly even generate you a passive income.

The house has a wide deck across the front set up with table and chairs (and new pull out canvas awning). The two main bedrooms, plus the open plan living area and kitchen have sea and bluff views, plus views of Jagger Lake (newly reconstructed in 2013/14 and a wonderful spot for bird watching). The main and second bedrooms both have Queen Size beds. The third bedroom has a single bed plus a single bunk (bed on top and desk/play area underneath). The bathroom has a large shower with new vanity, and a separate toilet off the laundry.

Sliding doors to the front deck and also to the back outdoor living space. This new room has been set up with couches, pouffes, coffee table, dining table and chair, gas BBQ and its own TV. New cafe blind provides protection from all weather in that space. Completely enclosed, it is a safe space for kids, dogs and cats!

Underneath the house is a garage with remote control door. There is also plenty of storage under the house.

The house was built in 1999 by Redgum Homes. All original drawings and specifications can be supplied to the new owner. Quantity surveyors report to enable you to claim depreciation can also be supplied.

There is nothing else like this on the Fleurieu at this price point. Sure there are other similar houses. Some of them may even be holiday rentals that come fully furnished (and with a history of bookings during school holidays). But none of them will have returned 15% gross in the last financial year. If you want a beach house on the south coast but don’t want to be forking out hundreds of dollars every week to pay for it, then this is the property for you.

Why are we selling? Only because we are purchasing an esplanade property and wish to retire some debt as a risk mitigation strategy.

Because of the high level of occupancy on this property, inspections will only be possible when the property is vacant or during changeovers. Please contact us and we will send you a list of possible inspection days/times.

Please note: of course past returns are no guarantee of future returns. This is not being offered or sold as a business. It is a residential house which has a history of holiday rentals with the current owner. The new owner may choose to continue it as a holiday rental, or not.