LARGE RESIDENTIAL APARTMENT WITH INCOME

Phone enquiries - please quote property ID 31712. <br/><br/>Are you looking to retire or semi-retire in tropical Far North Queensland? Would you like to receive a guaranteed passive income in excess of $50,000 per year? If the answer is “YES” to either or both, then this combination could be for you. <br/><br/>This unique property is located in the Port Hinchinbrook Marina about one kilometre south of Cardwell and centrally positioned between Cairns and Townsville. It has views over the Marina, Coral Sea and across to Hinchinbrook Island.<br/><br/>The property is the largest and only two-level apartment in the Inspiration Port Hinchinbrook complex. On level one there are 2 bedrooms both with en-suite facilities, an open plan living/dining/kitchen and a large balcony accessible from both the living area and main bedroom. <br/><br/>Downstairs (via an internal staircase, communal stairs or lift) is the third bedroom and a fully equipped office/reception area with access from both the street and the large undercover communal parking area at the back. The property also includes a good-sized storage room. <br/><br/>There is an opportunity to take over the building’s caretaking role. This is done under the terms of a Deed of Agreement with the body corporate; has a minimum of 13 years to run; is currently paying in excess of $50,000 per annum and is CPI adjusted. The personal exertion requirement is in the order of eight hours per week, involves cleaning, gardening, mowing, and pool maintenance and can be subcontracted for around $15,000 per annum. All material costs are borne by the body corporate. <br/><br/>There is also an opportunity for a licenced real estate agent to take over a small property management portfolio.<br/><br/>The complex has 26 apartments over three levels, undercover parking and a communal swimming pool.<br/><br/>This package would suit a couple or family wanting pure relaxation together with the opportunity to explore the beautiful coastal, marine and inland areas between Cooktown and Townsville.<br/><br/>DISCLAIMER While proudly assisting home owners to sell since 1999, No Agent Property takes every care to verify the accuracy of the details in this advertisement, but the correctness cannot be guaranteed.