A compact, easy to manage, holiday management rights business, consisting of five levels serviced by elevator. The ground floor is comprised of a large reception area, plus generous back office and storage area which are both on title.
Each of levels 1, 2, 3 and 4 contain six single studio apartments flanked at either end by a dual-key apartment. The rooms are air-conditioned and self-contained and have been extensively refurbished over the past year to offer guests top quality accommodation. The dual-key studios enjoy both ocean and mountain views from the three decks.
There is a total of thirty-eight lettable rooms. Thirty-six are currently in the letting pool. Each floor offers a guest laundry and locked storage area which is used to store linen and housekeeping supplies.
A palm-fringed pool with spa and a heated Jacuzzi is adjacent to a full-sized flood-lit tennis court. Undercover car parking is provided. The property is tropically landscaped with well-maintained gardens.
The business has delivered consistently good returns under current management, has lengthy agreements in place and excellent relationships with supportive owners and Body Corporate.