About this property
Enjoy this fabulous popular lifestyle location, on the flat and so close to the waterfront, beach and the Kohi Cafe. Join the swimmers or walkers in the morning and finish after with a flat white and pastry at The Store! A perfect retirement option, this ground level leasehold apartment offers two double bedrooms, a tiled bathroom, separate toilet and spacious open plan kitchen, living and dining flowing out to your own exclusive fenced lawn and garden.
Facing northwest capturing all the afternoon sun for you to relax in the private paved courtyard or invite your friends around for summer barbecue entertaining. There's room to potter in the garden and create your veggie patch and the automatic door garage has space to store your tools and toys.
Solidly built of concrete block in the 1970s and well maintained throughout, there's only been two owners in its life, both owners being retired and they have loved living here!
The building consists of four apartments and they are all owner occupied with no Body Corporate levy as it is on a crosslease title. The leasehold is held by Tappenden Holdings Limited and the ground rent is $10,000 per year, payable in two installments. The 21 year perpetual lease is due to be renewed on the 1st October 2024, when a valuation will be done on the land and the increase in the ground rent is fixed at 5% of the land value and divided between the four apartment owners.
Call today to arrange an appointment to view!