Norfolk Island
STUNNING OCEAN VIEWS, CASCADE GARDENS NORFOLK ISLAND.
SOLD
Business Description
Cascade Garden Apartments is situated on 1 / 2 acre of freehold land with extensive and colourful gardens featuring Hibiscus, Kentia Palms and Norfolk Pines. It has been fully renovated in September 2004.
There are 4 one- bedroom and 1 two- bedroom apartments, all facing north east with magnificent views to Cascade. Two of the 1 bedroom apartments have an interconnecting door so as to make another two bedroom apartment. All 1 bedroom apartments have a private, covered rear deck. The apartments are about a 10 minute walk to the centre of town.
Modern conveniences in the apartments include: microwave, griller oven, kettle, toaster, fridge, remote control TV & DVD player, ceiling fan, fan, gas heater, 3 in 1 portable stereo, sofa bed, iron/ ironing board, telephone, king or twin bedding, hair dryer, clock radio, linen, reading lamps, shower.
Business Summary
Key Investment Insights
1. Prime location with stunning ocean views
2. Well-maintained and renovated property
3. Extensive and colorful gardens
4. Multiple income streams with 4 one-bedroom and 1 two-bedroom apartments
5. Potential to combine two one-bedroom apartments to create a larger two-bedroom unit
6. Modern amenities and conveniences in each apartment
7. Walking distance to the town center
8. Managers unit included in the sale
9. Potential for growth and expansion
10. Established business with a good reputation.
