Moko is a mixed-use development that comprised of 55 residential apartments, over 1,700sqm of retail/commercial including a waterfront restaurant and commercial space that occupies both the ground and first floors. This will be completed in stages.

Key Features

  • Caretakers agreement $72.500 x 3.5 multiplier = $250,000
  • Units secured to date 10 at $7,000 per lot = $70,000
  • Clawbacks at $7,000 per additional unit in letting pool
  • Total sale price will be $915,000 +/- clawback
  • The first stage has opened April 2018 – Final stage projected early 2018
  • The managers three bedroom residence will be available to be occupied until stage two – approx. Late September 2018
  • Located in the largest growth area on the Sunshine Coast
  • 25-year agreements on the residential schemes
  • 10-year agreements on the principal scheme (to be changed to 25 years)
  • The manager's residence consists of three bedrooms two bathrooms a media room and a large outdoor entertaining area
  • Managers Residence $595,000
  • $72,500 body corporate salary on completion of all stage
  • Detailed Information memorandum available on request

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: OTP004922
Property Type: Management Rights
Region: QLD - Sunshine Coast
Suburb: Birtinya
Sale Type: Management Rights - Off the Plan
Price: $915,000 + Clawbacks

Listing Agent(s)

Agent Feedback

Thanks for all your help this year Glenn, very excited about the potential of our new acquisition. Regards to all your family and workmates.

- Jenni and Rob
Buyer,
Pandanus Mooloolaba

We herewith certify that we appointed Glenn as our agent to sell our management rights business at On the Beach Noosa as we found him to be professional when he approached us for the listing. Glen produced a buyer within one week, he achieved our asking price and kept in constant contact throughout the sale period. We would have no hesitation in dealing with Glenn in the future and would recommend him to any seller/buyer.

- Ann & John Bennett
Vendor,
On the Beach Noosa

I’ve been in the Management Rights business for 15 years and have only used Resort Brokers for transactions. Almost a decade ago Glenn Millar successfully managed my sale of Oceans Mooloolaba. Five years ago I bought The Rise Noosa through Glenn and also sold it through him recently. As always Glenn has been totally professional, is well respected and knows the industry like few others. My Company also recently acquired Peppers Hervey Bay (now known as Oceans Resort & Spa Hervey Bay). This was a particularly complex transaction but, again, Glenn handled his part most effectively.

- Gary Rice
Chairman,
Oceans Resort & Spa, Hervey Bay