Cowes Apartments, Phillip Island - a unique opportunity to buy an established passive investment property or turn it into an easily run, more lucrative holiday accommodation business in Number 1 holiday and weekenders destination in Victoria.
Within walking distance to the beach and shops these high quality finished, huge apartments occupy the entire first (top) floor of the modern building. The apartments are offered tenanted (permanent), or vacant possession if preferred as the higher income generating holiday rental business, which can easily be run by local agents. The apartments can be modified and/ or furnished if required.
2 x 245 sqm units, one with 6 bedrooms, 3 bathrooms, separate toilet, separate laundry, large games room, separate theatre room, open plan huge kitchen, dining and sitting area. The other 6 bedrooms, 3 bathrooms, separate toilet, separate laundry, rumpus room, and open plan huge kitchen, dining and sitting area. Both have large balconies.
2 x 124 sqm units, each with 1 bedroom, 1 bathroom, powder room, laundry, formal dining room/ office or 2nd bedroom, large kitchen and dining, front balcony and rear alfresco area. One title Ã¢ÂÂ 2 separately accessed and fitted apartments
All units have ducted cooling and heating, LUG and private, secure entrances with intercom and CCTV.
* Calculation Based on Deposit 10%, Interest 5.50%, and current rent yield 4.65%, excluding depreciation schedules and other tax benefits. Body Corp only $1000 p.a. ea.