Perfect Investment Opportunity

Private accommodation is rightly regarded as “Gold” on Hamilton Island and has experienced a 0% occupancy rate since 2014.

Here lies an opportunity to purchase a property that is generating an excellent return on investment. The current tenants have a 2 year lease with an option of a further 2 years.

Coco’s Apartments are located in a central position. Located on the ground floor and on the end of the block this 1 bedroom 1 bathroom fully furnished property also benefits from the large outdoor area and the added bonus of a buggy included in the sale.

Being a permanently let apartment, the tenant pays the utilities, resulting in the property generating an income of $350 per week rent and a further $180 per week for the buggy, that’s a total of $530per week! Net returns are currently 5.9% per annum, making this a great little investment.

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