201 Unit Development Off The Plan, Stage Two just released | Resort Brokers ID : OTP006414

$1,634,400

Permanent Management Rights, Tweed Heads NSW

Opportunity for a couple to buy an Off The Plan Management Rights, get all the new letting fees, pay GST in lieu of stamp duty and develop this business to their high standards.

Stage One Completed. Stage Two due for completion end of August. Stage Three under construction.
Exceptional location just south of the Queensland border
Tweed Heads Coolangatta region growth from 2011 to 2036 is forecast to grow by around 51%.
5 minute walk to the Coolangatta and Tweed dining and entertainment precincts
Close to stunning beaches& just a 50 minute drive to world heritage listed national parks.
The vacancy rate in this location is currently 0.7%
Property inspections are by appointment only

Date updated: 01 Mar 2021 23:00:03

More Information

Financial Overview

Total Purchase Price: $1,634,400
Net Income: $ 247,522 (projected)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 599,900
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 20
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 0
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 0
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 201
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 201,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: TBC
_{Required Office Hours}

Complex Features: two pools, spa, sauna and gym

Real Estate Component

Manager's Unit: 2 2

Included Real Estate: $ 599,900
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}

Manager's Car Spaces: 1

Office On Title: 0
_{Is there a manager's office included on the title?}

Pets: yes
_{Can the manager own a pet on site?}

Unit Features: Two bedroom, two bathroom, master with walk-in robe and ensuite other with built in robe, separate study, single underground parking space, large covered balcony, high-end Euromaid appliances,