SOUTHPORT

Under Contract

$380,000

Off The Plan Business Only In Heart Of Southport Completion November 2023.

RAAS Management Rights OTP is excited to present this exceptional opportunity to secure the Waverley Residences, an off-the-plan business-only building. This rare proposition is hard to come by in the sought-after Southport area.

Waverley Residences are strategically located at the business center of the Gold Coast region in Southport, making them highly attractive to investors and tenants seeking their slice of the Gold Coast lifestyle.

Scheduled for completion in September 2023, with settlements anticipated in late October 2023, Waverley Apartments has a new 25-year agreement, providing flexibility for potential investors. Notably, there is no stipulation to own real estate in Waverley Residences. The complex will be caretaking only and comes with the letting agreement but with no letting appointments, offering a unique opportunity for management rights to grow their letting pool.

Opportunity Overview:
RAAS Management Rights OTP is delighted to offer this rare opportunity to secure this off-the-plan business-only building.

Executive Summary:
Business Address: 15 Waverley Street, Southport 4215
Module Type: Accommodation
Term of Agreement: 25 Years
Number of Units in Building: 60
Number of Units in Letting Pool (Projected): 0
Parking: Secure/Undercover
Other Facilities: Rooftop BBQ Area
Body Corporate Salary: $84,000
Sinking Fund: To be confirmed (TBC)
Levies: To be advised (TBA)
Price: $380,000

Business Highlights:
Business Only
No Office Hours
Contactable

Location Overview:
Distance from Gold Coast Airport: 40km or 35 mins by car
Gold Coast Economy: $30 billion
The population of Southport: 32,000

Southport is poised to benefit from the Gold Coast's central 'structural uplift' resulting from significant public and private infrastructure spending and a pipeline of projects totalling billions.

Market Insights:
Population Growth: The Gold Coast has an economic catchment of 3.6 million people, and the region's population is forecast to grow at 2.8% p.a. over the next 10 years, making it one of the fastest-growing areas in Australia.
Economic Growth: Urbis forecasts a projected increase of around 70 per cent in employment between 2016 and 2041, with more than 433,000 jobs expected to be created (equating to 7,100 jobs per year).
Infrastructure Boom: The Gold Coast has seen over $13 billion worth of completed, under-construction, or planned projects within 18 months.

This opportunity is not to be missed, and we invite you to take advantage of this unique chance to secure the management rights to Waverley Residences. For more information or to arrange a viewing, please contact us today.

BUSINESS SNAPSHOT

Financials

Body Corporate Salary: $84,000

Management Unit

Complex Overview

Complex Type / Module: Off The Plan

Total Units in Complex: 60

Outside Agent: 35

Owner Occupied: 25

Agreement Term: 25

Years to Run: 25

CONTACT

Paul Mueller

CONFIDENTIALITY AGREEMENT GOVERNING ALL BUSINESSES LISTED WITH RAAS MANAGEMENT RIGHTS

In consideration of RAAS (being any or all of RAAS Property Group Pty Ltd and their respective business brokers) entering into discussions relating to the possible acquisition of the assets of any business(es) presented to me by RAAS, We/I hereby agree and undertake as follows:

To treat as totally confidential the identity of the business(es) disclosed to me and any details as to its operation or financial accounts;
Not to disclose the identity or any details of the operation or financial accounts to any third party (except my accountant or legal advisor who shall agree to respect this requirement for confidentiality) unless expressly authorised in writing by the Vendor or by RAAS;
Not to make an approach to the Vendor of any business disclosed to me by RAAS, or the business’ staff, customers or suppliers without prior arrangement with RAAS and to refer all queries through RAAS;
We acknowledge that RAAS is the introducing broker, and that all offers and deposits for the business, shares or property will be conducted through that office.
If, I as a potential buyer breach clause 4 of this agreement and buy directly or indirectly this business from the Vendor of the business quoted then I the buyer will be responsible for any loss of commission due to RAAS Property Group as the case may be;
If, I as a potential buyer breach clause 1, 2 or 3 of this agreement I undertake to indemnify RAAS against any actions, proceedings, costs, claims, demands or liabilities which you may suffer in consequence of that breach.
That all information is received for no other purpose than the evaluation of the investment potential of the business;
If I decide not to proceed with the investment, I agree to immediately return to RAAS all written information supplied by it and retain no copies and to delete any electronic records including all emails and attachments relating to the business(es);
the relevant Act for the State or Territory including but not limited to (Electronic Transactions Act 2000 No 8 (NSW), Electronic Transactions (Victoria) Act 2000, Electronic Transactions (Qld) Act 2001, Electronic Transactions Act 2011 (WA), Electronic Communications Act 2000 (SA), Electronic Transactions (Northern Territory) Act 2000, Electronic Transactions Act 2000 (Tas), Electronic Transactions Act 2001 (ACT)

By checking this box, you are agreeing to abide by the terms of our Confidentiality Agreement.

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