Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion
Rare OTP Townhouse Complex in Strong Letting Catchment August completion

Rare OTP Townhouse Complex in Strong Letting Catchment August completion

$1,112,311

Treetops at Everton offers an outstanding opportunity to secure a first class management rights to a well-designed suburban townhouse complex. With completion circa August 2017, you can buy now and start earning soon unlike many other OTP opportunities.

Key Features

  • Extremely well-designed complex to be completed to a high standard in comparison with the majority of competing product
  • Fully pre-sold and under construction with completion in August - Buy now and start earning soon!
  • Developer to deliver another 39 townhouses on adjoining site and would sell the business only Management Rights to the successful buyer
  • Joint P&L shows projected net income of $282,623 pa. – projections compiled by industry specialist accountants Holmans
  • Strong potential letting pool with high proportion of investors
  • Long term agreements - 25 years from settlement
  • Developer extremely supportive of management rights operator which will be a huge advantage upon delivery of the development
  • Off the plan opportunities becoming rare given the recent tightening in the development market
  • Sub 4x multiplier offers the purchaser future upside!
  • Thought put to all aspects of the development including NBN fibre to all units which will add to their tenant appeal
  • Projections verified by industry based accountant which is extremely rare with off the plan offerings
  • No requirement for manager to reside on-site. If manager’s unit is rented and achieves circa $500pw it would add $26,000 to the gross annual income

NB: Property inspections are by appointment only

Key Details

Listing Ref: OTP004767
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Everton Hills
Sale Type: Management Rights - Off the Plan
Net Profit: $145,345
Price: $1,112,311

Listing Agent(s)

Agent Feedback

You did a great job Gareth. Very diligent and your support of the incoming purchaser is very useful. You have gone above and beyond the role of an agent, thankyou.

- James Adam
Director,
PORTFOLIO GROUP

We recently engaged Gareth Closter and Resort Brokers to sell our Management Rights at Kelvin Grove. Gareth was very thorough in explaining the entire process and demonstrated great communication skills throughout the entire transaction. Gareth was always contactable and very easy to deal with. I would have no hesitation in recommending Gareth and Resort Brokers to anyone looking to sell or purchase Management Rights in the future!

- Sarah Williams
Vendor ,
PPS Property Management