122/54a West Esplanade Manly NSW 2095 Attention Investors! Serviced holiday apartment

* This furnished strata serviced apartment (61m2 + 15m2 security
parking on title) is the most hassle free investment you could own.

* The service managers are currently the commercial tenant and pay a guaranteed rent monthly to the owner/landlord

* In return they sub- let to visitors and tourists for their own commercial gain

* Showing a guaranteed NET return of approx. $500 per week + CPI increases annually

* All outgoings including council, water, body corporate levies and
general maintenance are also paid by the tenant/service manager

* The current commercial lease expires August 2017 and after that
date you can either grant a further new lease to the service managers or
alternatively take possession back as your holiday pad and/or manage
your own holiday rental/short term stay for a higher yield (note: Daily
serviced holiday accommodation rates in this complex and prime location
command around $385 per night)

* Recently renovated, including new kitchen, the sale also includes ownership of the new furniture.

* World class location and boasting panoramic never to be built out Harbour water views

* This modern and beautifully maintained 18 year young landmark building is located directly opposite Manly Wharf

Note: A serviced apartment is defined as a building or part thereof,
approved for the purposes of holiday letting/short term stay only,
generally not exceeding 3 consecutive months