Off the plan Management Rights in landmark Yarrabend Masterplan Proj. Net $900K+

The management and letting rights to Seren Row which is well progressed under construction, is among the last land to be developed as part of Glenvill's landmark masterplanned community. Located in Melbourne's inner-north, the striking short-term/mixed use apartment building consists of 192 apartments. Efficient floor plate designs, combined with strong returns, has resulted in 90-95% of the apartments being sold to investors. However, we have adopted 124 potential investors (65%) to be secured with a strong management proposition with the added upside of potential additional investors in the first year and future growth for years to come.

These high-quality apartments, combined with strong ADR's (supplied by STR) in the region underpinned by security of the freehold operational space, is set to become a trophy asset for or the successful purchaser with lots of upside. Glenvill has another similar sized project nearby that has commenced construction and will be offered as a first right of refusal or potentially could be put under contract simultaneously.

The apartments benefit from access to a sate-of-the-art health and wellness precinct situated within the masterplan. This upkeep and maintenance of this exceptional common area facility is not the responsibility of the Seren Row operator and is managed direct by the OC.