Every once in a while an opportunity comes along to buy something really special at price that seems too good to be true. As an investor, this is just the opportunity you will be looking for - an amazing property offered for sale below valuation and build cost, and well below what the vendors paid back in 2009.
The penthouse was once a very successful B&B, "Youkis of Rhyll", which catered for the luxury Japanese market, until it was sold to the current owners and turned into a holiday home for their large family. However, things has changed and the vendors are looking for a quick sale, hence the special price that's offered!
This is not your ordinary penthouse; Spanning over two levels, this property is low maintenance and very spacious (approx. 50 squares), and includes 3 self-contained suites with a total of 5 bedrooms & 4 bathrooms, as well as a beautiful open-plan living/dining & kitchen area, huge decks, and a secure garage. Best of all, the property sits right on the foreshore with views to die for - and it will never be built out! Everything about this property is luxurious, the design is absolutely 5 stars, built to a commercial standard, and the lifestyle it offers can only be described as a dream - whether you are looking for a foreshore getaway or an investment property you simply cannot go past this one!
What is Rhyll all about? This is a very beautiful & unique part of Phillip Island, a safe boating haven, perfect for sailing, with beautiful clean water, excellent fishing, magnificent vista over Westernport Bay towards French Island and Churchill Island, boutique coffee shops and restaurants right on the foreshore, plus the best fish & chips on the Island. If boating is your passion, you would not find a better place to be!
A penthouse on the foreshore under $1M is unheard of, this is the bargain of the century and it will not last long. Available for private inspection strictly by appointment.
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