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 genuine ‘business 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 Stockland’s $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.
Interested? Why not give Chenoa Daniel a call on 0403 143 151 or chenoa@resortbrokers.com.au
Or... call Tim Crooks on 0417 544 562 or tim@resortbrokers.com.au