Main Beach, Queensland

OTP - A Lifestyle Destination with Exceptional Resident Amenities

$1.22M MR & $1.39M Unit = Total $2.62M

Business Description

Designed to set a new benchmark in luxury waterfront living, Midwater will deliver an exceptional suite of resident amenities that will distinguish the development within the Gold Coast market. As an off-the-plan opportunity, purchasers and the incoming manager will benefit from a brand-new complex featuring premium finishes and contemporary building systems.

Residents will enjoy a grand stone-clad lobby, a fully automated valet parking system with secure basement parking, and direct lift access to each residence.

The exclusive Marina Lounge will provide a premium waterfront space overlooking the Nerang River and Macintosh Island, complete with lounge areas, bar facilities, a fireplace, outdoor entertaining terrace and private marina berth.

These premium amenities are expected to support strong buyer demand, resident satisfaction and long-term asset value. For the incoming manager, Midwater represents a rare opportunity to establish a management rights business within a brand-new, high-end residential development, complemented by a quality manager's residence and modern facilities requiring minimal maintenance in the early years of operation.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $1.22M MR & $1.39M Unit = Total $2.62M Net Profit: $291,880 Remuneration / Body Corp Salary: $188,800

Managers Unit

Value of Managers Apartment: $1,399,000Bedrooms: 2Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 118Total Units in Letting Pool: 15Owner Occupy Units: 103Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

1. Off-the-plan luxury waterfront development with premium finishes and contemporary building systems, offering a brand-new asset for the incoming manager.
2. Total purchase package priced at $2.62M, comprising $1.22M management rights and a $1.39M manager’s apartment.
3. Strong reported net profit of $291,880, with remuneration/body corporate salary of $188,800.
4. Manager’s apartment is high-value at $1,399,000, configured as 2 bedrooms, 2 bathrooms and 2 car spaces.
5. Signature resident amenities include a grand stone-clad lobby and direct lift access to each residence, enhancing resident experience and prestige.
6. Operational efficiencies and security via a fully automated valet parking system with secure basement parking.
7. Exclusive Marina Lounge overlooks the Nerang River and Macintosh Island, featuring lounge areas, bar facilities, fireplace, outdoor entertaining terrace and a private marina berth, reinforcing waterfront appeal.
8. Small letting pool of 15 units within a 118-unit permanent complex, with 103 owner-occupied units, indicating low short-stay presence and resident-focused community.
9. Management agreement is long-term, 25 years with 25 years remaining, providing continuity and predictable management income.
10. Modern facilities and a quality manager’s residence suggest minimal maintenance requirements in the early years, lowering initial operating burden.
11. Premium amenities and waterfront location are positioned to support strong buyer demand, resident satisfaction and potential long-term asset value appreciation.

Management Rights Multiplier: 4.20
ROI Estimate: 11.12%