Exceptional entry level investment opportunity

FOR PERMANENT ACCOMMODATION
Private accommodation is rightly regarded as “Gold” on Hamilton Island and have experienced strong occupancy rates 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, right behind the Marina and Front Street precinct. 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 $530 per week! Net returns are currently 5.9% pa, making this an exceptional little investment.

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