Work has started on this 95 townhouse, 5 stage project with completion due mid 2018
As of 15th June 33 units are under contract to investors. . The projected net income of $200k is based on 80% of the units being in the Managers rental pool at completion and any intending Purchasers should satisfy themselves with this figure. The Developer expects there will be more. A claw-back/claw-forward clause can be entered into in the contract process to safe-guard both Vendor and Purchaser. GST will be paid by the Purchaser on the business component only. The Developer has an expectation of offers from $1,3M including the Manager's house and office. What an opportunity to get in on the ground floor, so to speak, and build up your own sound business.
A copy of the Disclosure Statement and any other information required is available by contacting Jim Prentice 0412 984 684, E email@example.com or your RAASRights Broker.
NOTE: Photograph as displayed is indicative only.
This is an off the plan and as such the business is subject to GST.
It is also a staged development with a claw back and claw forward agreed to by the Developer. It is estimated 80% of the units will be in a Manager's rental pool but the Developer expects a greater amount.