Highly Desirable Beachside Permanent - Off the Plan MLR - Proj. $642K NOP | Resort Brokers ID : OTP007768
$3,182,676 BUS
Off The Plan Management Rights, BOKARINA QLD
Developed by Gardner Vaughan Group, the management rights and associated real estate to Zinc Bokarina and Bask Bokarina are being marketed for the first time offering a lucrative and highly desirable off the plan MLR business opportunity in this stunning location of the Sunshine Coast.
- Combined offering with total of 227 units across both complexes
- Total Body Corporate salary of $381,000 for all stages once completed
- Projected Letting pool comprises of 30 units in Zinc and 60 units in Bask
- Projected net profit of $642,965 based on permanent rentals
- Adjoining locations in newly developed Bokarina Beach, part of Stockland masterplan
- Zinc comprises two towers Sol 40 units and Mar 44 units plus 8 beach houses
- Bask comprises two towers Mydas 63 units and Caretta 72 units
- No set office hours, no requirement to live-onsite
- Zinc - Sol, Mar and Beach Houses due for completion in Q1 2024
- Bask - Mydas (Stage 1) due in early 2026 and Caretta (Stage 2) due in early 2027
- Brand new 25 year Caretaking and Letting Agreements
- Office in both buildings under Occupational Authority - designed to be run from one building
- Otion of residential unit 2b/2b/2c $899,000; 3b/2b/2c $1,199,000 or 4b/2.5b/2c $1,899,000
- All inspections by appointment
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $3,182,676 BUS
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 899,000
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?