This holiday resort is a terrific location with just 15 lots in total and 11 in the letting pool. Every apartment is within 50 metres of the beachfront and it offers an idyllic and restful holiday destination for many who come to Magnetic Island for the true holiday experience.
- There is a choice of one or two bedroom accommodation for guests and all apartments are fully self-contained
- The resort also offers pool, spa and BBQ facilities with cable television and Wi-Fi service
- The standard module Body Agreements run to 2027 with the option for top-up
- Body Corporate salary is in excess of $43,000 reviewable annually in accordance with CPI
A business of this size is easily managed by a two person management team and when you see the manager's apartment you will see the ideal set-up for the family or visiting friends and relations. The manager's apartment is a spacious three bedroom, two bathroom apartment with views from the living area out over the bay. The office and guest reception is on title and has direct access from the apartment.
Net Profit $106,670 despite COVID
Property Code: 448
