An incredible opportunity lies ahead for the new purchaser of this off the plan absolute beach front building. The big plus with this one is that the agreement does not require you to own a managers unit in the building, however you certainly could do if you required it. Ideally the prospective purchaser will have good experience in operating management rights, however the vendor will look at all opportunities.

Just coming to the final stages of construction this building is ready to operate almost immediately. The projected income is based on a total of 20 units out of 33. Primarily all the current sales are to investors and the unit layouts lends itself perfectly for holiday and short term letting. The caretaking role consists of maintaining the common areas and swimming pool, and also includes the commercial fetching $69,600 per annum. With no set office hours, the agreement states that the manager is required to be “Available” during the week 7:30am-3:30pm and Saturday 8:00 – 11:00am.

The Numbers are as follows:

Management Rights: $815,000
Projected Net Profit: $210,000

Multiplier: 3.88

Please call me directly for further in depth information on the details below:

Charles Nurse
M 0410 555 668
E charlesn@raas.com.au

Close proximity to the beach, shops and restaurants.