Located in the beautiful coastal suburb of Torquay in Hervey Bay, lies an excellent opportunity for an investor to purchase these fully furnished 11 luxury apartments in the newly refurbished “La Mer”. Over $120,000 has just recently been spent on a complete re-paint, new gardens, new security, new lighting, new pool furniture and new fencing. There are currently 21 apartments in the building, so purchasing these 11 will give the new owner control of the body corporate and the voting on how funds are spent (if they wish).

We are also considering individual sales or smaller multiples if an investor wanted to purchase 2 or 3. All the 11 apartments are on signed leases with some being 12 months and others being 3 to 6 months. Very popular among long term renters, holiday letting & owner occupiers. Every time a permanent tenant has moved out, the agent has achieved $10 to $30 more per week on increasing rents.

Features:
- Beachfront location right at your door step
- 11 apartments for sale as one lump sale (will consider individual sales or 2/3 as a sale)
- Permanent rent returns per week on the 11 apartments available upon request
- Fully furnished apartments with inventory list (except unit 3; no furniture included; currently tenanted)
- Mixture of 2 bedroom & 1 bedroom apartments
- $120,000 recently spent on a complete re-paint to the building, new gardens, new security, new lighting, new pool furniture and new fencing
- Unit 3 is the caretaker unit & comes with $35,000 annual income paid monthly from Body Corp
- All 11 apartments are on either 12 months or 6 month leases
- Very popular among permanent renters, holiday letting & owner occupiers
- 4.5 star amenities and holiday apartment conveniences
- Highly sought after location, very popular

Surrounding this luxury building are scrumptious local restaurants & cafes, shops and of course the magnificent Torquay Beach. This place offers you a lifestyle like no other. Each apartment comes with an underground car space on title and there is a lift to all levels. The complex provides security, games room & a stunning solar heated swimming pool with spa. For more information on this great opportunity, please contact Joe Farr today.

Disclaimer: Whilst all care and attention has been taken to ensure that the information contained in the above advertisement is true and correct at the time of publication, Platinum Properties gives no warranty or assurance and makes no representation as to the accuracy or reliability of the information contained. It is advised that any prospective purchasers or tenants make their own enquiries and/or inspect prior to purchase or leasing.