Mantra Wallaroo Shores Resort overlooks three glorious beaches and a multi-million dollar marina. Its unrivalled location is ranked as one of the most popular in the fastest growing tourism market in Australia.
Opportunity
Mantra Wallaroo Shores Resort is an excellent opportunity for Developers to enter the Australian property market.
The resort is a master-planned complex comprising 100 townhouses, function centre, restaurant, meeting rooms, luxury cinema, gymnasium, swimming pools and tennis court. The resort is located in the pristine coastal town of Wallaroo, South Australia.
132 Business Visa
Subclass 132 Business Visa applications must meet the minimum investment requirement of AU$1.5 million to be eligible to obtain a visa.
Construction of townhouses
Developers will enter a Project Management Agreement with Monopoly Property Group to oversee construction of the townhouses, which start from AU$375,000. Developers will maintain regular contact with the project manager to ensure ongoing success of the development and will influence key decisions.
World class operator
The resort will be managed by the largest Australian based hotel and resort marketer and operator, Mantra Group, which manages over 125 properties internationally – 70 of them out of Australia, New Zealand and Indonesia. Mantra Group is a successful ASX200 listed company (ASX: MTR) with over AU$8 billion assets under management.
Long term lease-back
Under a 20 year lease to Wallaroo Shores Resort Management Pty Ltd, the townhouses will, from the resort opening date, receive an initial return of 5.0% p.a. making it a very attractive investment for purchasers of your townhouse development.
Risks
Subject to customary property development risks.
Exit strategy
Monopoly Property Group will assist developers to implement an aggressive sales and marketing strategy for the sale of completed townhouses.