OTP Management Rights Now Available in a Great Location
OTP Management Rights Now Available in a Great Location
OTP Management Rights Now Available in a Great Location
OTP Management Rights Now Available in a Great Location
OTP Management Rights Now Available in a Great Location

OTP Management Rights Now Available in a Great Location

$1,059,400

One of Heran Building Groups newest residential communities. This is a fantastic opportunity to buy an off the plan management rights. Get all the new letting fees, pay GST in lieu of stamp duty and develop this business to your standard.

Key Features

  • Rhodes Apartments Stage 1- Completed
  • A 53 unit complex in a high growth with high rental location.
  • Projected net income of $153,620 based on the maximum possible units in the letting pool.
  • Business price subject to an adjustment for each unit less in the pool at the adjustment date.
  • 100% occupancy expected in this high growth elite suburb.
  • A secure Body Corporate remuneration of $53,000 with CPI increases per annum.
  • A work load easily managed by a couple.
  • A beautiful managers’ residence.
  • A quiet peaceful life style close to everything that one could need.

NB: Property inspections are by appointment only

Key Details

Listing Ref: OTP004031
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Capalaba
Sale Type: Management Rights - Off the Plan
Net Profit: $153,620 Projected
Price: $1,059,400

Location

Listing Agent(s)

Agent Feedback

We have been associated with Neville Littleton since 2010. From 2010 to present Neville visited often and was given the opportunity to list our two complexes for sale in 2015. Neville was successful in selling our complexes and during the process we found him to be very diligent ,courteous and kept us informed of proceedings.We confirm that Neville is a man of great integrity and dedicated to his work and found that no question (whether small or big) was too much trouble for him. We are happy to recommend Neville Littleton to anyone wishing to list their Management Rights.

- Daniel and Betty Flynn
Owners,
Management Rights

Neville even attended the Body Corporate Committee interview with us, which was beyond the call of duty, but much appreciated, again being nervous first-timers. We are certainly more than happy to recommend Neville to anyone who is considering buying management rights.

- Wendy & Craig Derbyshire BAY VIEW PALMS

Neville was very prompt with your appointments and kept the prospect buyers well informed about all aspects of our business. All this resulted in an offer equal to the asking price and being accepted by us within fourteen days of listing.Neville this is a great result and we sincerely thank you for this.We hope to do more business with you in the near future.

- Lou Sprangers and Adria Stoffels
Previous Vendors,
Waterview Margate Beach