Brunswick East, Victoria

RARE CENTRAL MELBOURNE CARETAKING OPPORTUNITY

$1,610,000

Property Description

Stratacorp proudly present a rare magnificent dual caretaking and management rights opportunity (2 buildings) situated in the highly sought-after Melbourne CBD fringe area. One building offers the caretaking only and the other a small letting pool of 27 units. Both buildings are on a 25 year agreement.
This business would suit a perfectly for a stand alone operator, or bolt onto an existing business. With the primary income being caretaking remuneration this robust opportunity stands up extremely well through challenging economic times.
Key Highlights:
- Centrally located "Rare" Melbourne opportunity
- Substantial caretaking income $212,000
- Spacious managers residence
- Very little facilities and easy to maintain
- 167 total units with rental pool growth opportunity
- Modern office

Property Summary

Business Snapshot

Price: $1,610,000 Net Profit: $245,084 Remuneration / Body Corp Salary: $212,439

Managers Unit

Value of Managers Apartment: $600,000Bedrooms: 2

Complex Information

Complex Type: PermanentTotal Units in Complex: 167Total Units in Letting Pool: 27Permanent Units: 27Owner Occupy Units: 65Outside Agent Units: 75
Marketing Agent
Charles Nurse
Charles Nurse

Listing location
Gallery

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