This luxury apartment complex is perfectly positioned in the heart of the twin towns of Tweed Heads and Coolangatta.

The complex comprises 2 towers each of 76 units (including 4 penthouses) and 8 townhouses making a total of 160 units. Levels 2 to 9 in each tower (96 units in total) have been dedicated for holiday letting of which some 60 of the units are designated as holiday units and cannot be sold to owner occupiers. Currently there are 126 units in the letting pool (99 holiday and 27 permanent) and 30 of the units are unsold developers stock.

The residence for the manager is a spacious 2 bedroom, 2 bathroom, air-conditioned unit with a large outdoor living area.

The management rights business and managers unit are for sale together with the conference centre, at a total price of $6,020,000.

Body Corporate Salary: $176,010
Nett Income: $830,000
TOTAL PRICE: $6,020,000

Please call RnR Strata Sales on 07 3369 7200 for further information.