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New Birtinya MLRâ A Rare Opportunity to Secure with a Leading Developer | Resort Brokers ID : OTP008916
$4,648,451
Off The Plan Management Rights, BIRTINYA QLD
Highly anticipated is the upcoming completion in early 2026 of Habitat Development Group's 200-strong twin tower apartment complex overlooking Lake Kawana. St Clair is a genuinebusiness only management rights that is an excellent add-on for an experienced operator and will place them in pole position to acquire the future rights to Esperance - Habitat's neighbouring development boasting a further 175 apartments and scheduled to finish in late 2027. Potentially providing area dominance to the successful operator.
Based on brand new 25 year accommodation agreements, St Clair is governed by one Body Corporate scheme and provides a Body Corporate salary of $336,000 plus GST. The projected net profit of $845,173 is verified by industry accountants Holmans, and is based on solid investor sales with circa. 70% expected in the onsite letting pool.
The complex enjoys a prime position on the doorstep of Stocklands $5 billion Oceanside Kawana development, which includes Oceanside Health Precinct Village Park and will provide long-term rental demand by professionals and provides potential short-term rental appeal for lot owners.
- Well-advanced in its construction St Clair is due to complete by Q2 2026
- Business-only management rights offering a total of 200 high quality apartments over two towers
- Strong investor sales with over 70% expected in theon-site letting pool
- Brand new 25-year Accommodation Module caretaking and letting agreements
- Body Corporate salary of $336,000 p.a ex GST
- Verified net profit of $845,173 by industry specialist accountants Holmans
- No set office hours, no residential real estate to purchase and no requirement to live onsite
- On title 22 sqm manager’s office in Tower 1 plus four storage areas under exclusive use - $137,500
- Beautifully designed amenities including 25m lap pool, dining room with outdoor area and rooftop terrace
- Zoned and approved for short-term letting with a three-night minimum permitted under the by-laws
- Strategic position ensures long-term rental demand from professionals working within the medical precinct
- Direct access to Bokarina and Kawana Beach via a dedicated bikeway that runs beneath Nicklin Way
- Opportunity to acquire future rights to Habitat's neighbouring development Esperance
- All inpsections by appointment only
Date updated: 12 Oct 2025 22:00:04
More Information
- Total Purchase Price: $4,648,451
- Net Income: $ 845,173
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 137,500
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?