High Yield Real Estate Property: Australia Luxury Apartments - Fitzroy Island Resort

Luxury Apartments, Fitzroy Island Resort

Here is a superb and one off deal on some incredible resort properties in Australia, located on Fitzroy Island in North Queensland and close to the Great Barrier Reef.

Luxury Apartments, Fitzroy Island Resort

Here is a superb and one off deal on some incredible resort properties in Australia, located on Fitzroy Island in North Queensland and close to the Great Barrier Reef.

Secure Your Own Slice of Paradise

ONLY 12 LUXURY APARTMENTS AVAILABLE!

Absolute Beach Frontage.
Absolute Luxury.
Investment Secured by 10 year lease.

Very rarely, a truly once in a lifetime offer becomes available. Some will look back and say 'if only'. But a fortunate few will look back and say...'Yes we did it!'
Fitzroy Island Resort is one such once in a lifetime offer.

Just 45 minutes offshore from Cairns, serviced by 4 ferry services a day, Fitzroy Island Resort is set in the azure, coral studded waters of the Pacific Ocean and is surrounded by 329 Hectares of Island National Park.
The Fitzroy Island Resort Unique & Limited Offer!!!

12 only substantial 2 bedroom, 2 bathroom apartments, fully furnished in exquisite style and luxury.
Fully let on a 10 year commercial lease (with a further 10 year renewal option) at $889.15 per week. Secured by a bank guarantee from one of Australia's largest banks.
Tenant pays all outgoings, including electricity, water, management fees, marketing costs and maintenance costs, to name a few.
The above suggests a Net Yield of approximately 6.75%. Current 3 year fixed interest Bank - mortgage rates are approximately 6.30%. You do the maths.
PERFECT FOR SELF MANAGED SUPER FUNDS.
PROPERTY DETAILS:

Property Cost: $685,000 Gross Rent (yr 1): $46,236
Net rent (yr 1): $46,236
Cash neutral investment: $0
Total Cost: $717,244
Gross Yield: 6.75%
Net yield: 6.75%
Cash positive by: 1 yr

Investment analysis and many images and floor plan available on request.

The apartments are absolute beach frontage and require a deposit of just 5% to secure.
Purchase prices range from A$685,000 to A$699,500.
This means that they can be secured with a deposit of just A$34,250 to A$34,875.

They are leased (by way of a commercial lease) for 10 years at a starting yield of 6.75% nett. (With a further 10 year right of renewal).
The tenant pays all of the outgoings so there are no charges to come out of the rent.
And best of all the lease is guaranteed by one of Australia's largest banks.