Set in the heart of Cronulla’s vibrant beach and restaurant culture, this first class resort style, fully furnished, self contained apartment offers a guaranteed monthly income that would be ideal for the investor or a super fund.

The 98m approx. apartment has been freshly painted and carpeted. It is professionally managed and maintained as a permanently leased/rental property. Currently leased to Quest until February 2011 at which time the third five year lease option will take effect, with a further 5 + 5 year option. CPI increases apply.

This modern north/east facing apartment has all the resort features visitors to Cronulla would want

Generous open plan living area with 6 seat dining, writing desk, lounge, TV and ducted air-conditioning throughout
Main bedroom has private balcony with view of the pool, TV, built-in robes and ensuite
Entertainer’s balcony off the main lounge with outdoor setting
Full stylish kitchen with dishwasher, microwave and full size fridge
Full bathroom with internal laundry facilities, washer, dryer and iron
Registered security parking (14m approx.)
25m swimming pool, heated spa, gym and sauna
Opposite beach, easy walk to parks, bay and ferry to national park or up the pristine Port Hacking river

This investment opportunity guarantees a solid return without the usual hassle of vacancy periods. Investors get access to Quest privileges in the Quest chain of over 125 properties in Australia, NZ and Fiji. See link http://www.questapartments.com.au/

Currently returning $31,775 gross pa approx, paid monthly
15 year lease with 5 year options.
CPI increase due in February, 2011.
Water Rates $500($AUS/annum)
Council Rates $804($AUS/annum)
Strata Levies $6468 ($AUS/annum)
Depreciation applies
Strata Report available to qualified buyers

(This property is for investment purposes only and is not suitable for owner occupiers or 1st home buyers at any stage of the ownership.)
Information: for a copy of the contract please e-mail Bill.noonan@raywhite.com
Inspection: By appointment