PALM COVE, ABSOLUTE STUNNING BEACHFRONT HOLIDAY RESORT.

Property ID: web103






Authorityexclusive
Building Type3 Story Walk Up
FeaturesInground Pool, Above Ground Spa
Pets Allowed?Yes
Reference103


Management Rights Information
$ 1.199.000,-
$162,474
Actual
$57,468.00
36
29
0
0
4
20
18
18

Managers Unit Features
Yes
No
$475,000.00
yes
3
2
2
The managers fully air conditioned apartment is located on the ground floor and in the early years of Alassio's operation it comprised two bedrooms with two bathrooms, laundry, linen cupboard,kitchen, combined lounge and dining areas and small courtyard and the previous office servicing the complex.Today a separate office (on Title) has been erected on the Williams Esplanade frontage and the old office in the managers apartments has reverted to either a third bedroom or a study . Being fitted out with extensive laminated cabinets incorporating three work stations, benches and built-in storage cupboards and fittings housing computers and is ideal as a study, private office or third bedroom.There is additional storage for the manager on the common property,providing maintenance, cleaning and garage facilities available to the manager by way of exclusive use arrangements. These areas are located in the basement and throughout the residential levels of the building.


The offering comprises the Management Rights Business of Alassio On The Beach luxury apartments and the freehold of the managers apartment, together with the office /reception (on Title),and the plant and equipment currently in use to operate this successful business.
Currently fully operated under Management through contracted Receptionist, Cleaners, gardener and onsite night managers who are taking care of all Body Corporate duties.
Alassio On The Beach commenced operations in 2000 in a verystrategic location on the corner of Cedar Road and WilliamsEsplanade at the northern end of the Palm Cove tourist precinct.
The complex is rated by AAA Tourism as 4 stars and is an attractive complex set amongst tropical landscaped gardens with a largeswimming pool on the ground level and an elevated spa pooloverlooking a delightful waterfall feature.
Alassio comprises a modern low rise residential and commercial building incorporating six retail commercial units at the Williams Esplanade frontage and 21 luxury apartments inclusive of the managers apartment in two walk up buildings each of 3 levels.
Of the 20 residential apartments available to be in the letting pool, six are one bedroom configuration, twelve are two bedroom and two are 3 bedroom
configuration.
The two and three bedroom apartments are twin and triple keyed respectively providing 36 lettable units available for the letting pool.
There are numerous notable features in the Alassio complex such as a guests day room providing a relaxing facility for late departing guests to store luggage and to shower and dress prior to their departure. Juts one of the many reasons Alassio has considerable appeal and ranks highly amongst the best accommodation complexes in Palm Cove.