Only 1.5 hrs north of Sydney nestled in the heart of 'The Entrance' and the Central Coast holiday area is Allamanda Retreat. A luxury resort of 24 furnished self-contained individual strata apartments surrounding a magnificent pool and entertainment facility.
Our client is offering, in one line, 15 apartments over 13 Strata Lots together with the management rights to the entire complex. In this way an opportunity exists to acquire 60 % of the total building stock, control the Body Corporate and secure ongoing management rights.
Via rental income from the 15, letting fees for the other 9 privately owned apartments and management fees, a net annual income is calculated to be in excess of $270,000. Add to this the flexibility of ownership being able to sell off individual apartments in the future, if required, this is an offering that provides extensive upside to the investor / operator.
This is an opportunity to acquire a working lifestyle in a beautiful environment or appoint a manager to run it for you (manager's one bedroom apartment available). For an individual investor or a consortium of investors looking to secure a leisure facility for the family or a holding for a super fund, this property deserves your close scrutiny.
Your earliest inspection of this outstanding facility is highly recommended.

Net profit $276,128.

Contact Warren Sweetman from Tourism Brokers for further information or to arrange an inspection.

Property ID: 10858MF

Property Code: 491