Business Only Management Rights!!
This Off The Plan 28 apartment development Management Rights would make the ideal add on business to an existing management rights and would be easily managed by one person. There is no unit to buy so the overall rate of return jumps to a very nice 28.5%. The body corporate salary of $33,600 per year is guaranteed and will increase annually by the CPI. The commission income should be reliable considering the high rental demand for beach properties. This suburb is close to Tweed Heads, Coolangatta etc and has many trendy areas, fantastic beaches and that's great news when holiday makers are looking for their ultimate getaway. A great location will attract great holiday tenants.
This project is nearing completion and looking for a progressive manager. Previous management experience is a prerequisite. Due for completion October 2018.
This is an exciting opportunity so isn't expected to be on the market for very long.
• Projected income $116,505
• New off the plan development in Kirra (Bilinga)
• No requirement to buy a unit
• No requirement to live on site
• Located close to shops, public transport and the major highways
• Short trip to the Airport and Tweed Heads
• Great location, means lots of visitors
• Fantastic return on investment. 28.5%!
• 10 units expected to be in the letting pool
• Overall a great add on management rights
• Don't miss this exciting opportunity!
Price: $408,000 Neg
Net Profit: $116,505 Body corp salary review: CPI Annually
Complex InformationComplex Type: HolidayTotal Units in Complex: 28Total Units in Letting Pool: 10Holiday Units: 10Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 years
Motel InformationRestaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -