7/5 Cora Lynn Court LORNE VIC

Two bedroom cottage with expansive ocean views nestled in the Otway ranges only 5 minutes from Lorne, tenanted until January 2018. This free hold titled cottage is an ideal investment and lifestyle property in time. Currently returning gross rental of 7.1% per annum this property offers options of holiday letting beyond the current lease. The owners corporation has recently passed a special resolution where the owner can manage their own property offering flexibility not normally available under properties associated with management rights. You also have the option of working with a manager to handle holiday letting and maintenance of the properties.