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Rivello Off The Plan, Riverfront, Business Only Management Rights | Resort Brokers ID : OTP007156
Expressions Of Interest
Off The Plan Management Rights, HAMILTON QLD
ResortBrokers exclusively presents a rare gem in todays market. A large-scale, high quality, off-the-plan management rights, with no requirement to live on site and no set office hours.
Rivello comprises 147 apartments over 21 storeys
- Mix of 1 bed, 2 bed, 3 bed and luxury penthouse apartments
- Latest offering from renowned developers, Brookfield Residential Properties
- Roof-top pool, private function rooms, outdoor gardens, BBQ areas
- Under construction and due to be delivered in late 2023
- 50M river frontage location, just 6 kilometres from the Brisbane CBD
- Anticipated investor profile of 52%
- Apartments are 98% sold (penthouses retained)
- Body Corporate Salary of $142,500 p.a.
- Rare large-scale,‘business only’, off-the-plan MR opportunity
Inspections by appointment only
Expressions of interest close Friday 12 August 2022 at 5pm aest Date updated: 01 Dec 2024 22:00:02
More Information
- Total Purchase Price: Expressions Of Interest
- Net Income: $ 0
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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