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

Marketing Agent

Robert Collins

0404 67....

Ras360

Key Investment Insights

AI generated. Confirm details with the seller.

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.