Main Beach, Queensland

OTP - A Lifestyle Destination with Exceptional Resident Amenities

$1.276M MR & $1.39M Unit = Total $2.675M

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: $1.276M MR & $1.39M Unit = Total $2.675M Net Profit: $303,880 Remuneration / Body Corp Salary: $188,800

Managers Unit

Value of Managers Apartment: $1,399,000Bedrooms: 1Bathrooms: 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. Brand new luxury waterfront development offering a rare opportunity to establish a management rights business from inception.
2. Projected net profit of $303,880, including $188,800 remuneration and body corporate salary.
3. Long 25 year management agreement, with the full term remaining.
4. 118 unit permanent complex with 15 units currently in the letting pool.
5. Premium resident amenities include a Marina Lounge, bar facilities, fireplace, terrace and private marina berth.
6. Automated valet parking, secure basement parking and direct lift access support a high end resident experience.
7. Manager receives a quality one bedroom, two bathroom apartment with two car spaces, valued at $1.399 million.
8. Gold Coast waterfront position overlooks the Nerang River and Macintosh Island.
9. Brand new finishes and contemporary building systems should support low early maintenance requirements.
10. High owner occupier proportion, with 103 of 118 units designated owner occupied.

Management Rights Multiplier: 4.20
ROI Estimate: 11.36%