Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio
Brisbane's Largest Off The Plan M'Rights Portfolio

Brisbane's Largest Off The Plan M'Rights Portfolio

Expressions of InterestSold

Resort Brokers Australia is delighted to present one of the largest portfolio's of management rights ever offered off the plan.

Key Features

  • These prime Brisbane properties are superbly located in Fortitude Valley and Newstead, within waking distance of the buzzing James Street and Gasworks shopping and dining precincts.
  • The portfolio totals 710 apartments over four buildings including Newstead Towers (314 units), Broadway on Ann (247 units) and Aqua (149 units).
  • With 675 of 903 units in the letting pool based on an investor profile of 95%, with all the letting appointments secured by the developer. 
  • The successful purchaser will also receive a generous marketing budget of $500 per unit in the manager’s letting pool (approximately $337,500 based on 95% investors), ensuring the ability to attract the best quality tenants and fill the buildings quickly.
  • Project net profit of $1,833,293 - income projections have been prepared by specialist industry accountants Holmans and will be available on application.
  • All with brand new 25 year agreements. Combined body corporate salary - $781,000 per annum (increasing by CPI or 3% annually).
  • Associated real estate consists of 3 x two bedroom manager's apartments with a total value of $1,828.575 plus the optiom to buy a 141 square meter retail space as a head office at $900,000.
  • Submissions for the Expressions of Interest close 5pm Friday 30th of October 2015.

NB: Property inspections are by appointment only

Key Details

Listing Ref: OTP003943
Property Type: Management Rights
Region: QLD - Brisbane
Suburb: Newstead
Sale Type: Management Rights - Off the Plan
Net Profit: $3,954,214 Projected
Price: Expressions of Interest

Location

Listing Agent(s)

Agent Feedback

Tim is helpful, friendly and passionate about the management rights industry and it is a pleasure to work with such a professional who takes a long term outlook on the industry.

- Michael Kent
Queensland Development Manager,
PELLICANO GROUP

ARIA Property has had the pleasure of working with Tim on our 3 most recent projects, VINE, Jardin and Austin. Tim is very knowledgeable in off the plan multi-unit residential and his enthusiasm is infectious. He has shown to have a good work ethic and has been very transparent in all of his dealings.  ARIA Property Group will continue working with Tim on its upcoming developments.      

- Tim Forrester
Managing Director,
ARIA PROPERTY GROUP