Magnificent vista of the Gold Coast

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Magnificent vista of the Gold Coast
Image Supplied - RAAS Property Group

DESTINED TO BE A LANDMARK Gold Coast property, 26 Vista will reach for the sky and present a unique opportunity with the sale of its lucrative Management Rights.

More than $1 million in annual profits are being offered for a new manager at a property being designed as a visionary masterpiece that aims to fuel the imagination of residents. It will not only elevate amenity spaces to unprecedented heights, but evoke the essence of luxury hotels.

The tower will reach 51-levels and present 280 apartments and six three-storey townhouses fronting the Northcliffe Light Rail Station.

Image Supplied - RAAS Property Group
Image Supplied - RAAS Property Group

The $300 million complex located on Vista Street in Surfers Paradise promises views that will stretch out across the ocean and through to the Gold Coast Hinterland.

Crowning what promises to be a stunning development will be a private resident’s rooftop, and the highest residential pool on the Gold Coast, with the breathtaking amenity on Level 51.

Also forming part of the rooftop will be ‘Stratos 168’, accessible to all residents, which offers an indoor and outdoor resident’s lounge, fire pits, lush garden beds, and an outdoor workspace.

Image Supplied - RAAS Property Group
Image Supplied - RAAS Property Group

Level 4 will be home to “Club Vista”, comprising a large pool and yoga sun deck, as well as a cycle-room and gym offering world class equipment open to all residents.

There will also be EV charging provisions as a means of future-proofing the project.

Already there is great excitement around 26 Vista, the debut Queensland project for MRCB International, a wholly owned subsidiary of MRCB Malaysia, which is a company listed on the Malaysian stock exchange. MRCB International worked closely with architects at DBI Design to create an elegant atmosphere akin to that offered by the best luxury hotels.

Image Supplied - RAAS Property Group
Image Supplied - RAAS Property Group

Residents and guests will also have easy access to stunning beaches, vibrant entertainment precincts, world-class dining, and a range of recreational activities.

Robert Collins from RAAS Management Rights, who are marketing the property, said 26 Vista would become an “iconic building on the Gold Coast”.

“It’s an unbelievable opportunity for the person who secures the rights,” Mr Collins said, “because it’s a business that will be very profitable and which will be held for a very long time.”

The management rights are on offer for $9 million (negotiable) and come with a net profit estimate of $1,908,616. The body corporate salary is $500,920.

Image Supplied - RAAS Property Group
Image Supplied - RAAS Property Group

By taking up an off-the-plan management rights business, the new manager will have the advantage of being involved from the beginning, allowing them to shape the business to their vision.

 MRCB International CEO Ravi Krishnan said: “The Gold Coast is one of Australia’s favourite holiday destinations, and our aim is to debut in the hotly contested Queensland market with a project that allows our residents to live like they are on a permanent vacation, through an amenity rich, convenience driven gamut of initiatives.”

Mr Krishnan said the property would take advantage of Queensland’s stunning weather. MRCB will introduce many outdoor zones that not only offer views, but the type of seclusion experienced in suburban homes.

The sky pool on level 51 will totally disconnect residents from the outside world.

“It'll be very special to look out of the pool and only see the sky above you,” Mr Krishnan said.

Image Supplied - RAAS Property Group
Image Supplied - RAAS Property Group

The site has frontages to Vista Street and Thornton Street, and stretches across seven continuous lots that have remained vacant since 2014. MRCB International purchased the land last year for $17 million.

The slender tower covers just 30 per cent of the 3,100sqm site and is orientated to the east to take advantage of its proximity to the ocean and access to sunlight and ocean breezes, while maximising views towards the river and hinterland.

The site sits along the Gold Coast’s much lauded tram line, which is currently in the next stage of extension.

Mr Krishnan said: “We look forward to delivering a project that will not only enhance the city skyline but will play a pivotal role in catering to the booming migration to the Sunshine State.”

Image Supplied - RAAS Property Group
Image Supplied - RAAS Property Group

He said council forecasts predicted that by 2041, the Surfers Paradise population would have nearly doubled and that more than 80,000 people would live in high-rise towers.

“Our vision for this project is to create a beautiful slender tower that will bring coastal elegance to Gold Coast while providing a rare opportunity for purchasers to buy a home that prioritises lifestyle, design and location,” Nr Krishnan said.

Matthew George, the director of property group Urban Activation, said projects such as 26 Vista were shaping the Gold Coast market because through introducing a hotel-like lifestyle, “they are able to dramatically elevate the quality of life of the residents”.

Mr George said that 26 Vista was rapidly establishing itself as one of the most sophisticated towers to enter the Gold Coast market in recent years, simultaneously introducing rich amenities with sustainability measures to future-proof the build.

Vista is scheduled for completion in 2026.

MRCB International has successfully delivered Easton Burwood and 1060 Carnegie, both apartment developments in Melbourne, and was awarded a Transit-Oriented Development (TOD) project in Auckland, scheduled to begin in 2024.

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