1ST PREMIUM 4.5* OFF THE PLAN HOTEL IN RAPIDLY GROWING SHEPPARTON | Resort Brokers ID : OTP008092

Expressions Of Interest

Off The Plan Management Rights, SHEPPARTON VIC

ResortBrokers presents an outstanding off the plan 4.5* hotel opportunity in the bustling city centre of Shepparton, the heart of one of Victoria's fastest growing regions. The management rights and associated real estate to Eden Hotel Apartments will be a highly coveted and prestigious off the plan acquisition for any experienced hotel operators to consider.

- Premium strata apartment-hotel with 33 lots / 67 keys
- 1, 2 and 3 bedroom apartments suites and studios
- 100% investor profile with $85,200 caretaking salary
- Inclusive of generous furniture pack contribution from developer
- Anticipated 4-4.5 star rating* with 6-star energy rating
- Due for completion in Q3 2025
- Secure tenure based on 50 year agreement
- Operational areas include foyer, reception and storage on each level
- Facilities include gym, EV charging stations, secure parking, key lock security system
- Freehold lot 104 - includes office, staff room, storeroom, carpark and 3 x conference rooms
- Freehold lot 105 - includes ground level cafe, storeroom and carpark - optional purchase or lease
- Central downtown location, one block from Lake Victoria and Parklands
- Goulbourn Valley growing at 6% GRP (Gross Regional Product)

Located at: 317 Maude Street, Shepparton, VIC
EXPRESSIONS OF INTEREST CLOSE AT 5PM AEST ON FRIDAY 5TH APRIL
All inspections via appointment only with the agents
* Source: Star Ratings Australia Date updated: 22 Dec 2024 22:00:02

More Information

Financial Overview

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.}

Letting Business

Letting Pool: 33
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 33
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 85,200
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 25 years
_{How long is the caretaking contract.}

Agreement Remaining: 25 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: No set hours
_{Required Office Hours}

Complex Features: Eden is expected to receive a rating of 4-4.5 stars and will consist of 33 serviced residential apartments spread across four levels. These apartments will o?er a variety of room con?gurations, including 1, 2, and 3 bedrooms, as well as Suites and Studios, all featuring spacious ?oor areas and direct balcony access.