This is a rare opportunity to live and work part time in one of the most picturesque locations on the Sunshine Coast. The property itself is a three bedroom ground floor apartment in a complex known as Crystal Waters. The current owners have created a wonderful home with bamboo flooring throughout and three large bedrooms along with a spacious living area overlooking the water. Outside there is a large wrap around outdoor area with a private veggie garden and even room for the pets (On Approval) . There is private access to the outdoor area from the street and plenty of storage area also. The large living area is air conditioned as too is the master suite. The kitchen, ensuite and bathroom are all in great condition and there is even 2 secure car parks plus a large storage area in the basement downstairs.
With the unit comes the management / caretaker rights also. There are currently just 3 holiday let apartments in the pool and plenty of room to grow with 4 other units in the complex managed through outside agents and 10 owner occupiers in total in the complex. The income consists of a set body corporate remuneration currently at $30,588.60 with annual CPI reviews with a 25 year agreement signed in 2011. Additional income from holiday letting brings the net profit for the last financial year up to $47,562.
Body corporate duties include sweeping of common areas and keeping lobbies and lifts clean along with keeping an eye on the pool and also being a friendly face to those checking in for their holiday. The current managers say they work approximately an hour a day!! Now that is a great lifestyle with an income stream. The current managers are happy to stay on and train the new purchasers ensuring you don’t need previous experience.
If you are looking for a great place to live with a fantastic lifestyle with an income attached this could be the perfect opportunity for you.
* 3 bedroom ground floor residence with 2 car accommodation and private access
* Additional office on title
* $30,588 in set Body Corporate revenue before holiday letting income
* $47,562 net income last financial year
* Current managers are willing to stay and train the new buyer – No prior experience required