19 SUPERB FOUR STAR VILLAS (18 IN LETTING POOL)METICULOUSLY PRESENTED AND MAINTAINED WITH EXPANSIVE VIEWS OVERLOOKING APOLLO BAY AND THE GREAT OCEAN ROAD.TWO STOREY MANAGER'S RESIDENCE WITH 5 BEDROOMS, 3 BATHROOMS, LOUNGE/DINING ROOM, KITCHEN AND BALCONY. OFFICE/RECEPTION IS SITUATED IN THE RESIDENCE. SUBJECT TO 399 YEAR LEASEHOLD TITLE.THE VENDOR HAS INDIVIDUAL LEASES WITH VILLA OWNERS. CURRENT LEASES EXPIRE MARCH 2013 WITH 3 FURTHER OPTIONS OF 5 YEARS.VILLA OWNERS HAVE RESPONSIBILITY FOR INTERNAL/EXTERNAL PAINTING AND REPLACEMENT OF FURNITURE, FITTINGS AND CHATTELSOWNERS CORPORATION GROUNDS MAINTENANCE AGREEMENT FOR 399 YEARS. CURRENT OWNERS CORPORATION REMUNERATION $19,916 P.A.IDEAL OPPORTUNITY FOR SUCCESSFUL PURCHASER TO ACHIEVE A 17.5% RETURN ON INVESTMENT Net Profit: $211,477Turnover: $629,327Resort Brokers Reference: LH001311