New Off the Plan Permanent Complex - Sunshine Coast
New Off the Plan Permanent Complex - Sunshine Coast
New Off the Plan Permanent Complex - Sunshine Coast

New Off the Plan Permanent Complex - Sunshine Coast

$709,544 + unitUnder Contract

The Rhythm on the Beach is a soon to be constructed brand new, 8 storey apartment building is due to open its doors on Beach Road in the revitalised entertainment precinct of Maroochydore on Queensland Sunshine Coast in mid 2018. Rhythm on Beach developed by Access Economics , will feature 72 stunning residential apartments. It will also offer exclusive residents' amenities including 2 Japanese inspired plunge pools, BBQ and dining facilities, a state of the art fitness centre and a breakout secluded outdoor area. An alfresco cafe located on site will further add to the amenity of this stunning complex. The building will feature cutting edge architectural design bringing a distinctly modern urban design not seen before to the region.

Key Features

  • A choice of one two or three bedroom apartments will be offered to purchaser who wish to reside on site. Prices range from $299,000 for the one bedroom unit to $599,000 for a three bedroom unit on level 8
  • $109,000 body corporate salary
  • New 25 year agreements
  • No fixed office hours
  • Projected to be 50% or 36 units in letting pool
  • Clawback Claw forward conditions
  • The rental market is very tight, especially in Maroochydore and Noosa. Both areas registered the lowest vacancy rates in the state: 0.9%.

NB: Property inspections are by appointment only

Key Details

Listing Ref: OTP004600
Property Type: Management Rights
Region: QLD - Sunshine Coast
Suburb: Maroochydore
Sale Type: Management Rights - Off the Plan
Net Profit: $168,000 Projected
Price: $709,544 + unit

Listing Agent(s)

Agent Feedback

Glenn was always accessible by phone and returned calls promptly when he was not available. He always obtained answers to any questions that we had during all of the above processes.We would not hesitate to recommend Glenn to any potential client.

- V Galle and S Boughton OCEANS MOOLOOLABA

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
Oceans Resort & Spa, Hervey Bay

We recently sold our management rights business “La Mer Apartments” in Sunshine Beach. After purchasing the business eight years ago through Glenn Millar from Resort Brokers we had no hesitation in contacting him again to get the sale process underway, once we had made a decision to move on. The sale of our complex was quick and easy, and Glenn handled the process in a very thorough and professional way. Glenn has extensive knowledge of the management rights industry, and I would definitely recommend him to anyone contemplating buying or selling.

- Michael & Lesley Minns
La Mer Apartments