OFF THE PLAN MIXED-USE MID-RISE IN MERMAID!
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