Unit 11 - 11 Heritage Drive, Wallaroo SA 5556

LEASED/MANAGED WATERFRONT INVESTMENT COPPER COVE MARINA

Situated within the Wallaroo Marina Hotel Complex.
This Property presents investors with an opportunity to secure a Long Term, Waterfront Real Estate Investment!
Room 16 on the third floor of the complex.
The serviced Apartments feature 1 double bedroom with ensuite, open space living/dining area, galley kitchen and balcony, with expansive views over the main marina basin and North Beach.
The Apartments are currently leased to a commercial operator, with the opportunity to exercise renewal options until 2044.

The current monthly lease to the complex operator is $1250 per calendar month.
Outgoings for each property are :
$245 per month community corporation
$25 per month SA Water
$211 per month council rates
The operator has rights of renewal of the lease until 2044.


For a full information memorandum, contact the sole selling agent, Michael Nance on 0428 294 141