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Dual Waterfront Off-The-Plan Opportunity - Under Construction Now | Resort Brokers ID : OTP008112
$750,000
Off The Plan Management Rights, Scarborough QLD
ResortBrokers presents this unmissable business-only off-the-plan opportunity! Marin and Orilla are two premium-grade developments in highly desired waterfront locations overlooking the pristine Moreton Bay.
Marin and Orilla are the latest offering from established developers Traders in Purple who have an ongoing commitment to delivering high-quality residential projects in SE-Qld.
Both projects are well progressed under construction with delivery due early 2025. Being sold in one line - only 10 minutes drive apart.
- Two off the plan, permanent business-only management rights
- Primewaterfront positions in high-growth bayside areas
- No requirement to live onsite or own a lot& no office hours
- Marinoffers 80 lots– Caretaking& Letting
- Orillia has 32 units– Caretaking only
- Brand new 10-year standard module agreements
- Marinprovidesan office space under Occupational Authority
- Solid BC salary in both buildings
- Developer will only consider experienced management rights operators
- Inspections by appointment only
Date updated: 01 Nov 2024 00:00:03
More Information
- Total Purchase Price: $750,000
- Net Income: $ 187,002
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours