Outstanding ocean views from every apartment in this much-admired Miami beachfront holiday resort. Overlooking patrolled beach with the popular Nobby’s restaurant scene a short stroll away and impending light rail this area is gaining momentum and showing excellent capital growth.
Security of Accommodation Module with 22 years remaining on Agreements with No Set Office Hours.
A breeze to run with low maintenance grounds and easy care swimming pool and spa.
Well-presented open plan two bedroom, two bathroom airconditioned apartment enjoys a fabulous ocean view from the front balcony, a bonus large rear deck and ample storage in the basement.
Easy to see why the long term Managers have loved this place for many years. If you are looking for a low key holiday business in prime location offering relaxed lifestyle, great income and potential for growth this will suit. Priced to sell just 4.3 multiplier!
Net Profit: $150,066 Remuneration / Body Corp Salary: $47,182Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $670,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On TitlePets OK: Yes
Complex InformationComplex Type: HolidayStar Rating: 3.5Total Units in Complex: 39Total Units in Letting Pool: 15Holiday Units: 15Owner Occupy Units: 9Outside Agent Units: 2Lockup Units: 12Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesTennis Court: YesBBQ Area: YesPay TV: Yes