OTP in Pimpama
Under Contract / Offer
This is a new OTP MR at Pimpama 8 owner occupiers all the rest (59) investors. There will be claw forward or back. No need to buy a home or live on site. Plenty of storage only a
- Office exclusive use
- Income $222,142
Developer is expectation offers from $1,000,000
You must be experienced and please supply your CV with your offer
Please contact Exclusive Agent Robert Collins on ---------- or ----------
Price: Under Contract / Offer
Net Profit: $222,142 Remuneration / Body Corp Salary: $73,700
Complex InformationComplex Type: PermanentTotal Units in Complex: 67Total Units in Letting Pool: 59Holiday Units: 59Owner Occupy Units: 8Agreement Term: 25 yearsAgreement Term Remaining: 25 years
Key Investment InsightsKey Insights:
1. The business for sale is a new off-the-plan management rights in Pimpama, with a total of 67 units in the complex.
2. There are 8 owner-occupiers and 59 investors in the complex, providing a stable and diverse income stream.
3. The complex offers exclusive use of a BBQ and an office, providing additional amenities for residents.
4. The expected income for the business is $222,142, with a remuneration/body corp salary of $73,700.
5. The developer is seeking offers from $1,000,000 for the management rights.
6. The buyer must have experience in management rights and is required to provide their CV with their offer.
7. The complex is a permanent residential complex with a 25-year agreement term, providing long-term stability for the business.
8. The managers unit is not included in the sale, so there is no need for the buyer to purchase a home or live on-site.
9. The complex offers plenty of storage space, providing convenience for both the manager and residents.
10. The business is being sold by Exclusive Agent Robert Collins, who can be contacted for further information.