122/54a West Esplanade, Manly NSW 2095

* 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

• For Sale: In excess of $595,000