This excellent opportunity presents itself for an onsite manager or investor to purchase into this popular lakefront holiday/residential resort located only metres to pristine beach, shops and restaurants in Cabarita Beach.

The opportunity includes the freehold purchase 6 fully furnished ground-floor studio apartments and a 3 bedroom ground-floor managers residence and reception area. Management rights will receive 12% on approximately 50 apartments, plus full letting fees on free hold studios. There is also a caretaking and maintenance wage from the body corporate of $35,000 p.a.

The Cabarita Lakes Apartments have a turnover of approximately $300,000 with a higher turnover expected this year. This is an excellent lifestyle and investment opportunity on the magnificent Tweed Coast. Call now for your inspection.

Also apartments for sale from $129,000.