A very rare opportunity exists in the Gold Coast corridor to own your very own island resort. Whether you have pleasure, leisure or business in mind, Dugong Cove (formerly known as Black Swan Cabins), caters for all your needs. Established on Russell Island for over 25 years, the holiday destination has 6 well appointed cabins with self catering facilities. Rooms sleep up to 4 people. All have panoramic views of Moreton Bay. A pick up service from the ferry terminal is available. Spread out over 2.5 acres of spacious gardens and surrounded by the natural wonders of Moreton Bay, Dugong Cove gives you the chance to relax away from the hustle and bustle of mainland life. Facilities at the cove are:
- Brand new Two bedroom Manager’s residence with office.
- Cabins with waterfront views and fitted with tv, fridge, dining table, lounge,
bed, stove, toaster, jug, microwave, kitchenette, ensuite and outdoor setting.
- 20 x 7 mtr shed onsite to store ride on mower and garden tools.
- 2.5 acres of waterfront land.
- Cabins presently let out to permanent tenants returning $160 per week. Each unit is
metered for electricity.
- Manager’s residence could also be let out for $250 per week.
- Coin operated laundry.
- If solar power is connected the electricity for the cabins could be positively geared.
- Collectively represents a 6% return.
- Marketing as overnight accommodation could make the returns even higher.