Whitecrest – 5230 Great Ocean Road Wongarra (Near Apollo Bay)

3 Apartments for sale in an awarding winning design complex, plus management rights of these Apartments, plus land on the Great Ocean Road, just outside of Apollo Bay, with resort facilities.

1 three bedroom – fully furnished apartment with approximately 13 squares of living and allocated car space.

1 two bedroom – fully furnished apartment with approximately 9 squares of living and allocated car space.

1 one bedroom – fully furnished apartment with approximately 6 squares of living and allocated car space.

All apartments are fully furnished with spectacular ocean views, some with views of the Apollo Bay Township and some with views of the Otways.

The three bedroom apartment has an upstairs mezzanine area, two bathrooms (one with spa bath), kitchen, lounge and dining area, together with your own large private deck and gas log fire. This apartment boasts panoramic views of the ocean and also extensive views towards Apollo Bay.

The two bedroom apartment has one bathroom (with spa bath), kitchen, lounge and dining area. This unit is on the top level with breathtaking views of the ocean and the Otways. It has its own private deck and gas log fire.

The one bedroom apartment has one bathroom (with spa bath), kitchen and living area with a mezzanine upstairs bedroom, a private deck and gas log fire. This apartment has tremendous views of the ocean.

The current structure is company share titles (15 apartments) with possibilities of strata and construction of additional apartments subject to council approval.

Approximately 6 acres of land with development rights, prior owner had obtained a permit for 6 additional apartments, which has lapsed.

Apartments can be self managed or with the possibility to manage additional apartments or remain with current management.

The resort facilities include use of pool, tennis court, games room, storage and office facilities.

Option to acquire additional apartments.

Annual gross income approximately $150,000 – $165,000

Current fixed overheads – Services Fees of approximately $20,500

The service fees cover, electricity, gas (excluding log fire) water, council rates, land tax, building insurance, local phone and internet.

Approximately 95% of bookings are derived online.

This property is ideal for those whom are looking for a sea change or are semi retired with the bonus of income!

Disclaimer: We have been furnished with the above information, however, For Sale For Lease gives no guarantees or undertakings concerning the accuracy, completeness or up-to-date nature of the information provided. All interested parties are responsible for their own independent enquiries in order to determine whether or not this information is in fact accurate.