$1,250,000 - $1,350,000
'SEA VIEW' OVERLOOKING VICTOR HARBOR
This is an absolutely sensational opportunity to acquire a group of units/apartments that are on an elevated site overlooking the major holiday town of Victor Harbor, with its CBD only a few minutes away. Each of the 5 single story units/apartments has been built to provide spectacular views across the town to the beautiful Encounter Bay, while the two storey manager’s residence also offers excellent ocean views from the balcony.
The units are very well set up with 2 bedrooms, bathroom, kitchen/living area and a single vehicle carport. There is a separate shared laundry for the units. The 2 story manager’s residence has a reception/office, 3 bedrooms, 2 bathrooms, laundry, kitchen/dining, lounge room and a family room. The occupants can sit back and relax on the large balcony that comes out from the family room.
The units/apartments are all of a high standard after a fresh coat of paint, and their modern kitchens and bathrooms. They are rental-compliant.
This versatile complex has been well maintained, and it provides several potential options to generate revenue; e.g. Holiday apartment rental and/or permanent rental of the units.
An option could be for each floor of the 2 storey manager’s residence to be let individually, taking the complex to 7 self-contained 2 bedroom units/apartments.
Although this complex is offered for sale as a whole, each unit/apartment has its own Strata Title, providing an opportunity to divide and sell them individually, if desired or required. This opportunity is sure to be appealing for a SMSF, an investor, &/or an owner occupier who could manage the complex on site and capitalize on the great return.
Call Ross Coleman on 0427 836 733 to arrange an inspection.