Opportunity to purchase the Manager’s residence and management rights for The Clermont Apartments located in one of the fastest growing mining regions in Central Queensland.The Manager’s residence consists of a three bedroom plus office or four bedroom, two bathroom 217.4sqm house on a 600sqm block.The Management Rights include 80 duplex format townhouses – two storey, three bedroom with study and two car accommodation.The estimated return on investment is – fixed income from the Body Corporate is $85,050 per annum; plus projected rental income on 80 permanent lettings of $192,712.00.The rental of $545 per week was taken on 40 units by mining company Rio Tinto on a minimum 3 year lease, with development due to complete early 2012. The rental return on the remaining 40 units has been calculated at the same rate. However it is envisaged that on completion of the development, rental returns will be a minimum of $600 per week.The 80, contemporary, three bedroom, two bathroom townhouses bring a new architectural style and contemporary design to Clermont. Set in a well landscaped community development with swimming pool and BBQ facilities, they will be unique to Clermont and provide much needed accommodation relief for the town and its rapidly growing surrounds.Townhouse features include a very functional floor plan with three bedrooms and two bathrooms including ensuite upstairs. Kitchen, living, meals, study, laundry, patio, carport and garage downstairs. The kitchen includes gas cook top, wall oven, rangehood and provision for a dishwasher.The bathroom comes complete with shower and bath and the toilet is separate. These homes are also provided with linen cupboard, three built in robes, gas hot water system and 3,000 litre water tank. Due to Clermonts proximity to an abundance of natural resources it provides a hub for some of the worlds biggest mining companies. There is currently a strong demand for accommodation in the town. RIO TINTO has signed a formal offer to let 40 of these town houses at $545 per week for 3 years and NORTH CLERMONT MINING have agreed in principle to let 20 homes at $575 per week. Negotiations are also taking place with THE ADANI GROUP, HANCOCK RESOURCES and RESOURCEHOUSE. Rental prices may increase as rents in Clermonts major neighbours of Dysart and Moranbah start from $950 per week. The RIO TINTO lease has a CPI clause in place for the first three years, thereafter by negotiation.Please contact us for a copy of the Investment Summary. A sustainability declaration is also available on request.