Pimpama, Queensland
OTP in Pimpama
SOLD
Business Description
This is an exciting opportunity for a new Off-the-Plan Management Rights investment located in Pimpama.
The development comprises 8 units designated for owner-occupiers, with the remaining 59 units intended for investors. There may be claw forward or claw back arrangements in place. No requirement exists to purchase a residence or reside on-site. Ample storage space is available, along with exclusive use of a BBQ area and office.
The projected income for this venture is $222,142. The developer is seeking offers starting at $1,000,000. Prospective buyers must possess relevant experience and are requested to include their CV with their offer.
For further information, please reach out to the exclusive agent, Robert Collins, at ---------- or ---------- .
Business Summary
Business Snapshot
Price: SOLD
Net Profit: $222,142 Remuneration / Body Corp Salary: $73,700
Complex Information
Complex Type: PermanentTotal Units in Complex: 67Total Units in Letting Pool: 59Owner Occupy Units: 8Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment Insights
Key Insights:
1. Exciting opportunity for a new Off-the-Plan Management Rights investment located in Pimpama.
2. Development comprises of 8 units for owner-occupiers and 59 units for investors.
3. No requirement to purchase a residence or reside on-site.
4. Ample storage space and exclusive use of BBQ area and office.
5. Projected income for this venture is $222,142.
6. Developer seeking offers starting at $1,000,000.
7. Prospective buyers must possess relevant experience and include their CV with their offer.
8. Exclusive agent for further information is Robert Collins.
9. Net profit of $222,142 with remuneration/body corp salary of $73,700.
10. Permanent complex with a total of 67 units and 59 units in the letting pool.
11. Agreement term of 25 years with remaining term of 25 years.
