This Off The Plan 23 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%. The body corporate salary of $27,600 per year is guaranteed and will increase annually by the CPI. The commission income should be reliable considering the high rental demand in Hamilton. This suburb is close to the city and many trendy areas and thatâs great news when looking for new tenants. A great location will attract great tenants.
The sales so far indicate that there may be more than 13 rental units come into the rental pool.
This is an exciting opportunity so isnât expected to be on the market for very long.
⢠Projected income $65,527
⢠New off the plan development in Hamilton
⢠No requirement to buy a unit
⢠No requirement to live on site
⢠Located close to shops, public transport and the major highways
⢠Close to the Airport but still in the City
⢠Trendy location, means lots of tenants
⢠Great return on investment. 28%
⢠All units are to be targeted to investors
⢠Overall a great add on management rights
⢠Donât miss this exciting opportunity.