Off the Plan Management Rights - Expressions of Interest
Introducing the management rights for Magnoli Apartments, a landmark development by the Sunland Group located in the heart of Palm Beach.
Over the past 36 years, Sunland has created a portfolio of pioneering buildings and residential communities that have forever influenced Australia’s architectural narrative. Today we open the Expression Of Interest Campaign for the Management Rights of this Coastal Sanctuary, Magnoli Apartments.
· twin mid-rise apartment buildings & six terrace homes
· large resort-style pool
· barbeque and entertaining facilities
· private landscaped gardens.
· expansive community park
· on-site retail for a future café or casual dining
The brand-new management rights caretaking and letting agreements are an accommodation module with the full 25 years on the agreement. The Business will offer a healthy body corporate salary to care of the 210 unit residential apartment buildings and facilities.
Every superbly appointed apartment within the complex boasts of high ceilings and double-glazed floor to ceiling glass All the apartments have ducted air-conditioning to every room with multi-zone function And separate caged storage area for each apartment as well secure car parking beneath the building.
The Quality and location of the complex is attracting an equally high quality collection of tenants.
The manager’s unit is located on the ground level and presents the very best of refined open plan living.
· 127sqm two-bedroom plus office apartment
· large 178sqm outdoor entertainment area
· two bathrooms
· generous storage and premium finishes.
· kitchen features reconstituted stone bench tops, high-gloss cabinetry, and Smeg appliances.
· 2 car spaces and convenient storage facilities within the building.
This luxurious and well-appointed home which is across the road from the beach … is an idyllic site to run a thriving business.
Like the beautiful coast that surrounds Magnoli Apartments, these management rights offer up a beautiful and bright future.
Price: Expressions of Interest
Net Profit: $377,562 Remuneration / Body Corp Salary: $252,000Body corp salary review: CPI Annually
Managers UnitValue of Managers Apartment: $1,040,000Bedrooms: 2Bathrooms: 2Car Spaces: 2Office: On Title
127sqm two-bedroom plus office apartment, kitchen features reconstituted stone bench tops, high-gloss cabinetry, Smeg appliances and convenient storage facilities within the building.
Complex InformationComplex Type: n/aTotal Units in Complex: 210Agreement Module: AccommodationAgreement Term: 25 yearsAgreement Term Remaining: 25 yearsPool: YesBBQ Area: Yes