Under Offer
OFF-THE-PLAN, BUSINESS-ONLY IN MAROOCHYDORE - C. $900K PROJ. NET PROFIT
The Millwell is Habitat Development Group's latest development in Maroochydore, the Sunshine Coast’s rapidly emerging CBD. The business-only permanent management rights is well-progressed under construction and has over 70% of sales secured. The off-the-plan development is due to complete in mid-2027 and has a projected net profit just shy of $900,000, underpinned by the security of new 25 year agreements and a spacious freehold office lot in Tower 2.
The Millwell is Habitat Development Group's latest development in Maroochydore, the Sunshine Coast’s rapidly emerging CBD. The business-only permanent management rights is well-progressed under construction and has over 70% of sales secured. The off-the-plan development is due to complete in mid-2027 and has a projected net profit just shy of $900,000, underpinned by the security of new 25 year agreements and a spacious freehold office lot in Tower 2. The development comprises a total of 205 apartments across two towers with a projected letting pool of 135 units. The agreements offer excellent operational flexibility with no requirement to live onsite or set office hours to maintain. The Millwell presents as an ideal opportunity for qualified off-the-plan operators seeking their next business of scale and quality. This substantial business secures the operator with long tenure, strong remuneration and genuine growth potential in a location experiencing significant infrastructure investment and population surge.
- Net profit
- $900K
- Asking price
- $4.3M
- Management Rights - Off the Plan
The business at a glance.
- Two towers, 205 apartments, due to complete in May 2027 and August 2027 respectively
- Brand new 25-year accommodation module caretaking and letting agreements
- Strong body corporate salary of $1,959.60 per lot (exc GST), delivering a projected net profit of $899,963
- Projected total letting pool of 135 apartments reflecting investor sales to date which currently exceed 70%
- Pure business-only with no requirement to live onsite or set office hours to maintain
- Excellent residential amenties with communal terrace levels in both buildings
- 25m lap pool, fire pit, BBQ’s, gardens, diverse seating areas, private dining room and entertainment decks
- Freehold title office of 39 sqm is strategically positioned adjacent to Tower 2’s front entrance - $225,000
- All inspections by appointment only
The asset, the manager unit, the location.
Maroochydore, QLD
Maroochydore, QLD
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Same model our brokers use to appraise. Adjust net profit, multiplier, real estate component. The result is indicative — independent appraisal available on request.
Request appraisalIndicative total$4,319,822
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