MIRVAC'S LATEST RIVERSIDE MANAGEMENT RIGHTS TO GO TO MARKET | Resort Brokers ID : OTP007827
Expressions Of Interest
Permanent Management Rights, NEWSTEAD QLD
ResortBrokers is excited to exclusively bring to market the off the plan management and letting rights to Quay and Isle residences; the latest stages of Mirvac's masterplanned Waterfront Newstead precinct. These two prestigious complexes are one of the few, select groups of large-scale off the plan developments to come to market in recent years making this a very exciting and rare opportunity.
- Quay is due to be delivered in June 2024 with Isle to follow in 2025
- Brand new 25 year accommodation module agreeements
- Combined BC Salary of $323,500 and additional concierge salaries totalling $103,600
- Each tower has a unique high-rise design with 25 storeys, ground level retail and river setting
- No requirement to live on-site or own in the scheme
Quay
- High-rise permanent complex with 135 apartments
- Impressive rooftop with pool, sauna, lounge pods, barbecue and herb gardens
- Beautiful lobby with lounge, wellness centre offering yoga rooms and gymnasium
- Level 2 resident's lounge has a dining area, wine room and kitchen facility
Isle
- 124 premium apartments offering 1, 2, 3& 4 bedrooms designs
- 20m lap pool, sauna, magnesium spa, treatment rooms, BBQ area and cocktail bar
- Fitness centre and private workstations, meeting rooms and kitchenette on Level 2
- Office and concierge desk attached under Occupational Authority
This is one of the latest off the plan opportunities in Newstead with prime park front and river facing real estate.
All inspections are by appointment only.
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: Expressions Of Interest
- Net Income: $ 565,877
(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
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?