Recently renovated 2-bedroom apartment with extensive ocean views, located in a tightly held 20-unit complex.
The property is offered on a 99-year leasehold and delivers an approximate 6% return, making it an attractive option for investors seeking reliable income with lifestyle upside.
The apartment is currently under a holiday management agreement. With 12 months’ notice, owners may exit the agreement and use the property for personal holiday use. Please note the property cannot be used for permanent residential living.
If bought and sold in five years, the lease term would still have 99 years remaining, preserving long-term value.
At Smyth Real Estate Apollo Bay our aim is to provide the highest standard of customer service available. It is this commitment that makes us the right choice when selecting your real estate agent.
We can advise on current rental trends for your property type and area and set a rental rate to give you the greatest return on your investment. We take the hassles out of managing your property.
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