A Inexpensive Alternative
Recently renovated 2-bedroom apartment with extensive ocean views, located in a tightly held 20-unit complex.
The property is offered on a 99-year leasehold and delivers an approximate 6% return, making it an attractive option for investors seeking reliable income with lifestyle upside.
The apartment is currently under a holiday management agreement. With 12 months’ notice, owners may exit the agreement and use the property for personal holiday use. Please note the property cannot be used for permanent residential living.
If bought and sold in five years, the lease term would still have 99 years remaining, preserving long-term value.
