Wynnum West, Queensland

City Style Redlands Charm for your next OTP MR

$797,500 MR & $975k Unit = Total $1.772M

Business Description

Step into the future of Brisbane’s Redlands area with Adena Residences, where coastal charm meets urban sophistication. This newly designed low-rise development features 105 luxury apartments and is currently under construction. Residents and investors will enjoy resort-style amenities, including a pool, fully equipped gym, rooftop terrace with expansive views, BBQ areas, secure underground parking, sauna, and steam room, all crafted to elevate the lifestyle experience.

Nestled in Wynnum West, just 16 minutes from Brisbane’s CBD, Adena Residences is strategically positioned within the booming Redlands area—a region set to play a key role in Brisbane's future. With several Olympic venues planned for 2032, Redlands is becoming a magnet for growth and investment, making this an exceptional opportunity in a high-demand location.

The management rights package is structured for strong returns, with a projected body corporate salary of $105k per annum and a projected net profit of $226k per annum. The new 25-year agreement under the Accommodation Module makes for a streamlined management experience, requiring only phone availability during business hours. The manager’s unit and multiplier are attractively priced to reflect current market conditions.

Developed by Heran, Adena Residences promises not only steady returns but a rare opportunity to be part of the Redlands’ rapid transformation. For more information or to schedule a viewing, contact Joel McCartin from Ras360.

**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**

Business Summary

Business Snapshot

Price: $797,500 MR & $975k Unit = Total $1.772M Net Profit: $225,940 Remuneration / Body Corp Salary: $105,000

Managers Unit

Value of Managers Apartment: $975,000Bedrooms: 2Bathrooms: 2Car Spaces: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 105Agreement Term: 25 yearsAgreement Term Remaining: 25 years

Marketing Agent

Joel McCartin

0407 83....

Ras360

Key Investment Insights

1. Newly designed low-rise development with 105 luxury apartments in the booming Redlands area of Brisbane.
2. Resort-style amenities including a pool, gym, rooftop terrace, BBQ areas, secure parking, sauna, and steam room.
3. Strategic location just 16 minutes from Brisbane's CBD and set to play a key role in Brisbane's future with several Olympic venues planned for 2032.
4. Projected body corporate salary of $105k per annum and projected net profit of $226k per annum.
5. New 25-year agreement under the Accommodation Module for a streamlined management experience.
6. Attractively priced manager's unit and multiplier to reflect current market conditions.
7. Developed by Heran, offering not only steady returns but a rare opportunity to be part of the Redlands' rapid transformation.
8. Contact Joel McCartin from Ras360 for more information or to schedule a viewing.
9. Price of $797,500 for MR and $975k for unit, totaling $1.772M.
10. Net profit of $225,940 and remuneration/body corp salary of $105,000.
11. Manager's apartment valued at $975,000 with 2 bedrooms, 2 bathrooms, and 2 car spaces.
12. Complex type is permanent with a total of 105 units and a 25-year agreement term remaining.

Management Rights Multiplier: 3.53
ROI Estimate: 28.33%