PREMIUM OFF-THE-PLAN 33 STOREY HIGH RISE IN CENTRAL BROADBEACH | Resort Brokers ID : OTP007392
Expressions Of Interest
Off The Plan Management Rights, Broadbeach QLD
Proudly developed by Amalgamated Property Group in partnership with Base Developments, Amaya Broadbeach represents an outstanding off-the-plan management and letting rights opportunity for an astute operator to secure in the heart of Broadbeach, just 300m to the beach and surrounded by first-class amenities right on the doorstep.
- Comprising four apartments per level; total of 114 units
- Good mix of apartments with 2-bedroom and 3-bedroom designs
- 4 luxurious units per level with premium Smeg appliances, timber floors and high-end stone
- Projected 50% investors in the letting pool
- Strong BC salary of $129,545 plus GSTp.a. with CPI increase
- Stunning 33-level architectural design with sweeping ocean and mountain vistas
- Accommodation module with 25-year caretaking and letting agreement
- Projected net profit circa. $430,000
- Superb onsite amenity including swimming pool, resident lounge, lobby and gym
- Back of house set up for incoming operator with reception desk under OA
- Ideal location on First Avenue with walkability to beach, transport, shops and entertainment
EXPRESSIONS OF INTEREST CLOSE FRIDAY 19 APRIL, 2024 AT AEST 5PM Date updated: 21 Apr 2024 23:00:03
More Information
- Total Purchase Price: Expressions Of Interest
- Net Income: $ 0
(actual)
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
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?