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Luxury Penthouse With $200K Annual Income Potential
Goat Island
· 5 Bedrooms · 3 Baths · Apartment
Goat Island · 5 Bedrooms · 3 Baths · Apartment
Occupying the entire top floor and spanning an extraordinary 508m², this remarkable penthouse delivers a rare blend of scale, beachfront lifestyle and outstanding income opportunity. Positioned above boutique cafés and directly opposite the ocean, it offers an elevated foreshore experience rarely found on the Capricorn Coast. With the only other residence in the building already operating as a highly successful holiday rental, the investment credentials are proven. A recent holiday-letting appraisal for 11/1-3 Normanby Street suggests nightly rates of approximately: • $1,000 per night during school-holiday peak periods • $630 per night off-peak To make this simple, here's what that could look like annually: • At 50% occupancy: approx. $150,000 gross per year • At 75% occupancy: approx. $207,000+ gross per year (Figures indicative only and based on holiday-letting estimates.) An Entertainer's Dream on the Water: Formerly home to a celebrated bar and events venue, the penthouse's proport
Occupying the entire top floor and spanning an extraordinary 508m², this remarkable penthouse delivers a rare blend of scale, beachfront lifestyle and outstanding income opportunity. Positioned above boutique cafés and directly opposite the ocean, it offers an elevated foreshore experience rarely found on the Capricorn Coast. With the only other residence in the building already operating as a highly successful holiday rental, the investment credentials are proven. A recent holiday-letting appraisal for 11/1-3 Normanby Street suggests nightly rates of approximately: • $1,000 per night during school-holiday peak periods • $630 per night off-peak To make this simple, here's what that could look like annually: • At 50% occupancy: approx. $150,000 gross per year • At 75% occupancy: approx. $207,000+ gross per year (Figures indicative only and based on holiday-letting estimates.) An Entertainer's Dream on the Water: Formerly home to a celebrated bar and events venue, the penthouse's proport
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