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

We have known Glenn for a number of years as he has helped our family throughout every purchase and sale of our management rights businesses. His honesty, energy and genuine care for both sides in the transaction make him a standout broker in this field. His industry relationships and passion for the management rights industry are second-to-none. You can always trust Glenn to get the job done.

- Chris & Olivia Taylor
Vendor,
Oceans Resort and Spa Hervey Bay

Throughout the process of searching for a business, identifying possible purchases, investigating and ultimately negotiating the contract of sale, we found that Glenn was very helpful and informative. He assisted with his industry knowledge and advice whilst maintaining a professional approach. This allowed us to make an informed decision to purchase.

- V Galle and S Boughton OCEANS MOOLOOLABA

First and foremost, thank you and Tyler for putting together the opportunity to sell Proximity. Your attention to detail and interaction with ourselves and the purchasers, our solicitor and their solicitor made the whole sales process smooth and achievable in what was a compressed timeframe towards the end. This is not the first time we have sold Management Rights with Resort Brokers and we would have no hesitation in recommending your services to others wishing to sell. After our short break we will be seriously looking to our next venture and look forward to any opportunity that you may have for us.

- Barry & Lorraine Andrews
Ex - On Site Mangers ,
Proximity Waterfront Apartments