4 STAR BEACHFRONT BEAUTY AT 3.6 MULTIPLIER
Located in lovely Clifton Beach.
Delightful and quiet location.
This spacious and modern Holiday Apartment property is right on the beachfront and being offered for sale for the first time in 15 years.
There is potential to increase the income through both occupancy and letting pool. The astute manager will find considerable growth and upside in this property.
There are no set office hours and no requirement for the manager to live on site.
Office is on title, adjacent to the unit and with beachfront views.
Contact Alex for further property details.
Net Profit: $190,000 Remuneration / Body Corp Salary: $66,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $410,000Bedrooms: 2Bathrooms: 1Office: On TitlePets OK: Yes
Spacious 118m2, 2 bedroom ensuite, 2 bathroom apartment with beachfront views.
Complex InformationComplex Type: HolidayStar Rating: 4Total Units in Complex: 45Total Units in Letting Pool: 34Holiday Units: 32Permanent Units: 2Owner Occupy Units: 3Outside Agent Units: 4Lockup Units: 6Manager Units: 1Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 9 Years yearsPool: YesBBQ Area: YesWIFI: Yes