114/1 Sitzmark Street, Falls Creek VIC 3699

Cozy double bed studio in well-managed, centrally situated complex, complete with in-house restaurant on the ground floor. True ski-in ski-out access and located at a point in the Village from where you can ski down either to the International Poma/Gully Chairlift or to Halleys Comet.
The management agreement allows for variation with prior notice to enable the owner to live in the complex or rent it out via in-house management.
There are still 26 years to run on the renewable head-lease and body corporate charges include electricity. Average nett return for last 5 years $3940 per annum giving a return of around 7.1% clear.
Sold furnished with existing bookings.