Wynnum West, Queensland
OFF THE PLAN PREMIUM TOWNHOUSE ESTATE - PROJ. NET $212K ! | Resort Brokers ID : OTP006924
Expressions Of Interest
The off the plan management rights to Arbor Park presents an incredible business-only opportunity. 67 townhouses with 48 projected in the letting pool, underpinned by new 25 year Caretaking and Letting agreements, this truly is an attractive and solid business offering.
Developed by Pellicano, Arbor Park is located in the vibrant bayside suburb of Wynnum West, adjacent to Wynnum Plaza, opposite the local primary school, and just moments from The Esplanade. Boasting 67 luxurious townhouses, set amongst a lush landscape. This is an outstanding management and letting rights - perfect for a local operator to add-on to their existing business.
- Strong projected net profit over $210,000
- Construction is well-progressed with delivery due in March 2022
- Complex is now sold out with 72% in the letting pool (48 units)
- Stunning 3 bedroom, 2.5 bathroom and double garage manager's unit (optional)
- No set office hours and no requirement to own a lot or reside on-site
- Brand new 25 year Caretaking and Letting Agreements
- 5 distinct neighbourhoods with various 2, 3 and 3+ MPR townhouse configurations - no two townhouses are the same!
- Storage shed for equipment on-site
- Firepit, pizza oven and BBQ facilities with common area seating and lawns
- Close to major amenities, transport links & opposite Wynnum Plaza which is undergoing major $1B re-development.
- Attracting high rents with new product in great demand
- All inspections by appointment only
EXPRESSIONS OF INTEREST CLOSE 5PM AEST WEDNESDAY 24TH NOVEMBER, 2021
Date updated: 28 Nov 2021 22:00:07
Price: Expressions Of Interest
Net Profit: $212,973 Remuneration / Body Corp Salary: $60,300
Managers UnitBedrooms: 3Bathrooms: 2
Complex InformationComplex Type: PermanentTotal Units in Complex: 67Total Units in Letting Pool: 48Holiday Units: 48Owner Occupy Units: 19Agreement Term Remaining: 25 years