Bokarina, Queensland

Highly Desirable Beachside Permanent - Off the Plan MLR - Proj. $642K NOP | Resort Brokers ID : OTP007768

$3,182,676 BUS

Business Description

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: 03 Mar 2024 22:00:13

Business Summary

Business Snapshot

Price: $3,182,676 BUS Remuneration / Body Corp Salary: $381,000

Managers Unit

Value of Managers Apartment: $899,000Bedrooms: 2Bathrooms: 2

Complex Information

Complex Type: Off The PlanTotal Units in Complex: 92Total Units in Letting Pool: 90Owner Occupy Units: 134Agreement Term Remaining: 25 years
Marketing Agent
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