LARGE PERMANENT MANAGEMENT RIGHTS WITH UPSIDE POTENTIAL IN GROWTH LOCALE

This is an exclusive business-only management rights with robust net profit and strong growth opportunity! The Lanes Residences in Mermaid Waters, consists of 307 apartments and forms part of a 42ha master-planned waterside community with luxury facilities and extensive retail village plus a further 2000+ dwellings in the delivery pipeline over the next 5 years.

These permanent-let buildings are fully operational and provide excellent security for incoming owners with long tenure on agreements, a body corporate salary representing 77% of the income and a net profit of $520,000. By securing the management rights to The Lanes it positions a sophisticated operator perfectly to provide a solution to the future evolution of this iconic precinct.