Resort Brokers Reference: MR001337Receivers and managers appointed.The complex known as Karmasea Apartments opened inearly 2008 and is now approaching the commencement of its third year of operation. Until recently the business was operated by an on-site manager who managed several apartments in the letting pool.This offering is being sold with no current rental pool although with caretaking and letting agreements with the body corporate with up to 23 years to run. Intending purchasers need to satisfy themselves if any future letting potential can be realised.The Caretaking and Letting agreements and associated Real Estate is being offered for sale by Expressions of Interest process under instructions from the receivers andManagers. A detailed summary and Expressions of Interest documents can be obtained from the agent. A sustainability declaration is available on request.Total of 44 unitsBody corporate remuneration $61,617.07 (adjustedannually to CPI)Terms of agreement 25 years as of 2008The managers apartment features 2 bedrooms, 2 bathrooms and large outdoor entertaining areasPets are permitted with body corporate approvalOffice/reception on titleLap pool, Austar satellite tv, broadband wi-fi,2 gas bqs, well equipped fitness centre,2 secure car spaces for units, 3 for penthouses and sub-penthouses