Albany Creek, Queensland
Off the plan Management Rights in high growth area with $228K projected NOP | Resort Brokers ID : OTP007843
Under Contract / Offer
Business Description
On offer exclusively by ResortBrokers is Stage 1 and 2 of a brand new townhouse estate. Comprising 80 townhouses, the first stage is nearing completion with Stage 2 following closely behind. As the name suggests, the property is located with river frontage along Albany Creek and offers an excellent opportunity for an experienced operator to build a portfolio, with optional future stages 3 & 4 also in the pipeline. A must to consider for any operator looking to secure a solid earning, business only MLR off the plan.
- Two stages boutique townhouse estate with total of 80 units
- Projected letting pool of 29 with scope to grow in future
- Stage One currently under construction due to complete in Sept 2023
- Business-only management rights with no requirement to live on site
- No real estate to purchase
- No set office hours in agreements
- Solid combined BC salary of $120,000 p.a. across both stages
- Projected net profit circa. $228,000 per annum with annual CPI increase
- 25 year brand new accommodation module agreements
- Fantastic location 30 minutes from Brisbane city with river frontages
- All inspections by appointment only
Date updated: 26 Nov 2023 22:00:09
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $228,053 Remuneration / Body Corp Salary: $120,000
Managers Unit
Complex Information
Complex Type: Off The PlanTotal Units in Complex: 80Total Units in Letting Pool: 29Holiday Units: 29Agreement Term Remaining: 25 years
Key Investment Insights
1. Two stages boutique townhouse estate with total of 80 units.
2. Projected letting pool of 29 with scope to grow in future.
3. Stage One currently under construction due to complete in Sept 2023.
4. Business-only management rights with no requirement to live on site.
5. No real estate to purchase.
6. No set office hours in agreements.
7. Solid combined BC salary of $120,000 p.a. across both stages.
8. Projected net profit circa. $228,000 per annum with annual CPI increase.
9. 25 year brand new accommodation module agreements.
10. Fantastic location 30 minutes from Brisbane city with river frontages.
11. All inspections by appointment only.
12. Managers unit included in the sale.
13. Off the plan complex with potential for future stages 3 & 4.
14. Located in a high growth area.
15. No requirement for previous management rights experience.
16. Opportunity for an experienced operator to build a portfolio.
17. Business-only management rights with low overheads.
18. Strong projected net profit with potential for growth.
19. Long term agreements providing stable income.
20. Desirable location with river frontages and close proximity to Brisbane city.
