Villa 638/4 Kingfisher Bay Village, Fraser Island QLD 4581

The Phone Code for this property is: 73384. Please quote this number when phoning or texting.

The apartment is situated in Kingfisher Bay Village on Fraser Island. Fraser Island is the largest sand island in the world and world heritage listed. Only 4% of Fraser Island land has freehold title with the balance of the land 96% under world heritage protection. The apartment is part of 20 unit body corporate called Satinay Bungalows 4.The unit is rented through an agreement with Kingfisher Bay Resort which is owned by Sealink which operates ferries and cruises around Australia . Owners can occupy their unit by taking it out of the rental pool and using it for holidays and short term stays. Access to the island is by Sealink barge which accommodates normal sedans ie family cars and range of commercial and RV vehicles. Owners have free access to the island if they are renovating or repairing items in their unit. The unit returns net profit of around 5%. The return on investment appears to be increasing post Covid lockdown as Fraser Island is an iconic tourist destination and safe destination for families. The owner has 16 years of ownership of Unit 638.He is now looking forward to retirement. With increased return from rents, Satinay units could have a good capital appreciation over the next few years. The unit accommodates up to 5 people. Owners can use their unit as a base to visit beauty spots and tourist attractions around the island .Owners and tenants have access to two swimming pools, three restaurants, bar facilities and general store with fuel supplies. This architectural designed unit blends beautifully with the surrounding rainforest. The unit which is group titled is offered for sale which includes being fully furnished ,all appliances , all kitchen equipment, paintings and framed prints of beauty spots from around Fraser Island. For potential buyers who require finance for this property, the owner can provide details of a mortgage broker who has reviewed the property.

Disclaimer:

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