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Acquire a premier Main Beach OTP | Resort Brokers ID : OTP008349
$1,599,000
Permanent Management Rights, MAIN BEACH QLD
ResortBrokers presents the Belvedere, a premium off-the-plan opportunity in Main Beach, Gold Coast.
Developed by Winten Property Group, this property offers a lucrative body corporate sale of $158,750 ex GST and a full 25-year term. With 125 units, resort-style amenities, and proximity to major attractions, it's an ideal investment.
The sale includes a very attractive body corporate remuneration of $158,750 ex GST with additional income coming from a small letting pool of 10 delivering a projected NOP of circa $195,740.
The property also includes a premium finished two-bedroom, two-bathroom manager's residence.
- Premium OTP by renowned developer WINTEN PROPERTY GROUP
- Situated in Gold Coast’s elite suburb, Main Beach
- Body corporate sale of $158,750 ex GST
- Full 25-year term under the accommodation module
- Proximity to Sea World, Tedder Avenue, Marina Mirage and Surfers Paradise
- Premium finished manager’s residence with two bedrooms, two bathrooms, and a car space
- Resort-style amenities including private dining area, pool, spa, sauna and gym
- Inspection by appointment only
Date updated: 24 Nov 2024 22:00:03
More Information
- Total Purchase Price: $1,599,000
- Net Income: $ 195,740
(projected)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 895,000
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
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?