The Oaks Lure Apartments, Nelson Bay, offers an incoming investor:
– 48 apartments ‘in one line’ at a discount wholesale price
– A contemporary development, quality finishes and facilities
– Approximately 2.5 hours drive north of Sydney, popular location
– Currently managed by Oaks Hotels & Resorts
– Attractive terms offered
– Liquidation sale – will be sold!
Located in Nelson Bay along the pristine northern coast of New South Wales, the Lure Apartments represent a unique opportunity for an investor to acquire a prominent well-located property with a number of investment options. The 4.5 star apartments are approximately 2.5 hours drive from Sydney, 40 minutes from Newcastle and 20 minutes from the Newcastle Airport.
This 58 room contemporary designed apartment complex features an array of well appointed studios and one and two bedroom apartments, the majority of which enjoy magnificent panoramic views over Nelson Bay. Additional features of the Property include outdoor swimming pool, BBQ area and 60 secure basement parking bays.
The Vendors interest comprises a total of 48 strata title apartments which are being offered for sale ‘in one line’. The remaining 10 apartments are currently owned by individual investors. All apartments are currently being managed by one of Australia’s leading Hotel & Serviced Apartment operators, Oaks Hotels & Resorts.
Prospective purchasers are offered the opportunity to purchase a portfolio of apartments in a highly desirable coastal location – at a wholesale price; and either sell-down individually at retail levels within a desired timeframe; or hold to enjoy the steady capital growth and stable income being generated.
The Lure Apartments is an outstanding opportunity to acquire a significant number of superbly located apartments at well below the replacement value.