8 Cowry Close, Moreton Island QLD 4025

The Phone Code for this property is: 11725. Please quote this number when phoning or texting.

FIRM PRICE AS REDUCED BY 100K
Own a slice of Queensland's premier holiday resort.
Net return approx 10% with 9-10 month rental per year. The rest is yours to enjoy for free.

No land tax as it is a sublease. No council fees, no water bill / no rubbish collection as it is all included in the operating expenses once per year.
Electricity and gas bill per year approx. $9000.00
No further expenses.
Fully furnished with 38 sets of linen and towels.
Sublease for a further 125 years of Queensland's premier holiday destination "Tangalooma". You can use all the facilities free of charge. Like Tennis courts, Squash courts, ping pong, beach volleyball, bars and restaurants etc.
Other activities on a rental base include jetskie hire, hobby cat hire, fishing dingy hire, snorkelling and scuba hire, paragliding, canoe and paddle boards, beach bikes, Segway hire, glass bottom kayaks etc.
Many other excursions by the resort that you can use are , desert safaris, Sunset-cruises, Lighthouse excursions, snorkel tours around the wrecks or to the blue lagoon, hire a land cruiser for the day to explore the island and end up at the oyster farm or the famous gutter bar at the most southern end of Moreton (Koringal) ,

Fully furnished and ready to move in for holidays and fun and a great return for the next 2-3 generations.
125-year sublease remaining from the Tangalooma resort. and then to renew.

It can be used as a business incentive with full tax benefit as you can give away free one-week holiday incentive for a business promotion and use it for your family in between.

Land area: 434m2
Apartment 1 ground floor =230 m2 incl. Garage for 3 cars.
Apartment 2 upstairs = 245 m2
Moreton Island is a national park and will never have more land releases.

The property consists of 2 fully self-contained apartments

Ground floor with separate entrance: 2 x queen bedrooms and one bedroom with one king single and 2 bunk beds. Sleeping max 7 guests
One ensuite with spa bath and one-second bathroom. Large living/dining room with island bench in the kitchen. All bench tops including bathrooms are in Granite. Gourmet kitchen with ice maker fridge and Gas stove, micro etc. Fans and a/c in the 2 queen bedrooms.
Large terrace with staircase to the 4.5 mt x 8 mt Swimming pool
Rent the smaller apartment to the resort staff and it will generate 38-42k per year in rental return and will pay for all outlay plus some return. You can then keep the upper floor for yourself all year round.

Upper floor with separate entrance: 4 bedroom and media room apartment. To be used as a private residence or Airbnb rental for $780 p/night
One bedroom with king bed and ensuite with spa overlooking the ocean.
One bathroom with Laundry (Samsung washing machine).
One queen bedroom with wall to wall mirror wardrobe.
One bedroom with 2 x king single and a trundle bed with wall to all mirror robe.
One bedroom with 1 king single and one single bed with wall-to-wall mirror robe.
One media room with pool table, tv corner, bar fridge and a daybed.
Large kitchen with granite bench-top and island unit. Ice make fridge and gas oven, micro etc, Large living room and deck overlooking the bay and the wrecks. 180-degree view and never to be built out. Large webber on the deck with gas supplied from the resort.
Fans and a/c units.

Garage for 3 cars and second laundry with 11kg LG washing machine and spare fridge.
The Swimming pool is to be shared by both apartments.

At present both apartments are on Airbnb and stayz and our personal website as holiday rentals and for personal use for 6-8 weeks per year and have generated over 10% net per annum over the last years.
Or just rent out occasionally to recover the operating expenses and keep it as your own home away from home in Paradise.

By car only one hour away from the Gold Coast or 20 min from Brisbane and you are on the 1:15 h boat trip to unspoiled beaches and heaven.
A lifestyle investment for your family and future generations.
Please google Moreton Island and Tangalooma Resort for more info.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.