Backs onto an untouched tranquil rainforest setting. Features four levels of apartments with 20 single level two bedroom apartments and 32 dual level two bedroom townhouse apartments. Anticipated to be completed in early 2009. Body Corporate Salary of $72,800 plus GST. 25 year agreements as of completion. 51 apartments projected to be in the letting pool, 31 permanent lets plus 20 holiday lets. Projected nett income of $214,200. Facilities include pool, landscaped grounds, bbq and entertaining area, security parking. Office on title with no set hours. 3 bed 2 bath managers residence with 22sqm balcony and car space on exclusive use. AGENTS – ROLF EFFENBERGER ROD ASKEW