Rare offering: Two exclusive, 4.5 star beachfront properties.
Common boundary and run as one business with joint reception.
Lovely mix of one, two and three-bedroom apartments, fully equipped and with quality fittings including the two-bedroom manager's apartment.
This property enjoys a top beachfront location and provides impressive street appeal.
Excellent very well priced business and properties, that are well worth viewing.
Contemporary and beachfront!
Approval for pets.
Office and reception on title, long agreements with very good $100k ex GST body corporate salary.

Here is your opportunity to live the tropical dream.

Investment facts:

Asking price $2,275,000, with net profit $450,000, implying a strong cash return of approximately 19.8% based on listed figures.
Two exclusive beachfront properties sold as one business, offering prime beachfront location and impressive street appeal.
Marketed as contemporary and beachfront, with approval for pets, increasing marketability to holiday guests.
Managers apartment included, valued at $620,000, two bedrooms, two bathrooms, 111m2, with patio access and one car space.
Office and reception are on title, plus a separate manager’s office in the second building, supporting on-site management and operations.
Long accommodation agreement on title, 25 year term with 24 years remaining, providing long-term revenue security.
Body corporate salary $99,640 ex GST, reviewed annually by CPI, delivering guaranteed manager remuneration and predictable cost escalation.
Total complex 41 units, 28 units in the letting pool, 5 owner-occupied units, 3 outside agent units, 4 lockup units, enabling scale and diversified revenue sources.
On-site amenities include pool, spa, BBQ area, pay TV and WiFi, supporting guest experience and ancillary revenue potential.
Well presented mix of one, two and three-bedroom fully equipped apartments with quality fittings, enhancing guest appeal and yield per unit.

ROI Estimate: 27.19% Multiplier: 3.68

Confidentiality conditions apply.
For further information on this property contact Calvin Bailey today.