Under Offer
Stones Corner Off-the-plan Business Only Permanent Management Rights
ResortBrokers exclusively presents a brand new off the plan management rights opportunity in the vibrant inner-city district of East Brisbane! Currently under construction, this stunning new mid-rise development by Gardner Vaughan Group offers a superb business base with net profit over $300K and strong investor letting pool over 50%.
- Stonebrook will comprise of 90 apartments over 9 levels
- Broad range of product from 1 and 2 beds designs to spacious 3 and 4 bedroom layouts
- Expected letting pool of 48 apartments, weighted to 1 and 2 bedroom units
- Brand new 25 year caretaking and letting agreements under accommodation module
- $1800 per lot Body Corporate salary with annual increase by the greater of the CPI increase and 3%.
- Projected net profit of $326,456 p.a.
- Business-only permanent MR with no requirements to live on site and no office hours
- Fantastic location overlooking Hanlon Park and enjoying city views
- Rooftop indoor/outdoor recreational areas, podium level pool, gym and function room with kitchen
- Optional ground level 2/2/2 manager unit set aside for interested parties - $1,099,000
- Occupational authority spaces for storage provided
- Proximity to Stones Corner Village precinct and easy transport links
- Strong investor attraction for long-term hold with upcoming Olympics
- All inspections by appointment only
