200B/35 Mountjoy Parade, Lorne, VIC

Located on the ground floor of the "Princess Louise" building, this tidy studio apartment has a private aspect and only one of a handful of apartments where you have direct access to Cypress Avenue and the beach beyond. A leasehold interest managed by Mantra, the apartment has had a net return ranging from $3,500 to $4,900 per annum over the past 3 years, in addition to the owner usage privileges of up to 8 weeks a year at the resort.