Exceptional entry level investment opportunity

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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