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%. The body corporate salary of $27,720 per year is guaranteed and will increase annually by the CPI. The commission income should be reliable considering the high rental demand in Mt Gravatt. This suburb is close to Garden City and many trendy areas and thatâs great news when looking for new tenants. A great location will attract great tenants.
This project is being done in two stages with stage 1 due for completion in December and Stage 2 in 2018. Previous experience is a prerequisite.
This is an exciting opportunity so isnt expected to be on the market for very long.
⢠Projected income $74,540
⢠New off the plan development in Mount Gravatt East
⢠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 City
⢠Great location, means lots of tenants
⢠Fantastic return on investment. 28%
⢠All units are to be targeted to investors
⢠Overall a great add on management rights
⢠Donât miss this exciting opportunity