Stones Corner, Queensland

$981,375

Property Description

Near new

This complex was completed in September 2017 and as such has 24.5 years to run. It is owned by the developer with a projected profit of $196,275 with offers expected at a 5 + multiplier.There is no office hours, or requirement to live on sight or unit to buy
If you wish to purchase a unit , it is available. He has only just started to sell the units to investors and he does not expect payment until they are settled even though there are several rented out that are developers stock. You will be the property manager for them and be paid accordingly until they go to an investor. There is claw back and forward for 2 years.
Please contact Robert Collins Exclusive Agent on 0404678792 or robertc@raas.com.au

This is a new complex finished in September 2017 last year so it is not an OTP
Developer anticipated 50 rentals in the pool and there will be a two year claw forward.
He anticipates a 5 multiplier at least and has 21 units rented out. He does not expect them to be paid for until they are sold but the manager will treat them as his renters as of day one.As new rentals come over n line to investors he will be expected to pay for them and the P&L has been done as an OTP P&L. only experienced managers need apply with your CV

Property Summary

Business Snapshot

Price: $981,375 Net Profit: $196,275 Remuneration / Body Corp Salary: $77,000

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 0Agreement Term: 25 years

Marketing Agent

  • Robert Collins

  • 0404 678 792
  • 0404 678 792
  • send email

Marketing Agency

RAAS Group

RAAS Group

RAAS Group

Robert Collins
RAAS Group

Phone

Listing Tools

Property Map

Map Location ( get directions )

Stones Corner, Queensland 4120 Exact map location not provided

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