Located in vibrant Mermaid Beach just moments to the patrolled beaches, Otto is a brand new 9-level building with superior residential facilities and separate ground floor retail. This business-only management rights presents an exceptional opportunity for an experienced operator to build their business.

  • Immediate opportunity with building scheduled to complete in June 2019
  • This project is proudly bought to you by reputed developer, Morris Property Group
  • 70 stunning two and three bedroom apartments over 9 levels
  • Welcoming lobby and reception area
  • Separate back of house space and storage under occupational authority
  • Resort-style facilities include swimming pool, gymnasium, resident’s outdoor dining and lounge with BBQ facilities
  • Sales to date have been strong with 60% already sold
  • Brand new 25-year Caretaking and Letting agreement
  • Fantastic residential community vibe with thriving amenity in the vicinity and surrounding suburbs
  • No requirement to live own or on-site, however the purchase of an apartment would be considered favourably by developer
  • 500 sqm of retail space located on ground floor
  • Expressions of Interest Closing 5pm on Friday 26th April 2019
  • Inspections are by appointment only

Interested? Why not give Tim Crooks a call on 0417 544 562 or