Want to walk to along the beach but don’t want to pay the multiplier?
Look no further. This stunning beachfront complex is being offered for sale for the first time in years. First to inspect will buy. With heaps of potential to increase the income through occupancy and letting pool, this management rights will not last long.
Office on title and views to die for. Covid safe business has done 65% occupancy over Covid 2020. Here is your opportunity to live the tropical dream. Spacious 3 br. and 2 bathroom manager’s apartment, plus eleven quality apartments in the pool with ducted Air/Con and great ocean views. Large reception area. Income/expenses are pooled making for easy administration. Very good, well managed property, pleasant living and easily a one person operation. Motivated sellers and very well priced to meet the market.
Call Alex today for more information on this great business opportunity.
Net Profit: $79,000 Remuneration / Body Corp Salary: $39,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $280,000Bedrooms: 3Bathrooms: 2Car Spaces: 1Office: On TitlePets OK: Yes
Spacious and elegant three bedroom two bathroom manager's apartment overlooking the beach. Office and garage on title.
Complex InformationComplex Type: MixedTotal Units in Complex: 18Total Units in Letting Pool: 11Holiday Units: 7Permanent Units: 4Owner Occupy Units: 3Outside Agent Units: 3Lockup Units: 1Manager Units: 1Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 22 yearsPool: YesSpa: YesBBQ Area: YesPay TV: YesWIFI: Yes