Balmain, New South Wales

Rare Sydney City Fringe Permanent Management Rights | Resort Brokers ID : MR007643

Under Contract / Offer

Business Description

This Management Rights property offers a lucrative return for an astute operator ready to swoop in and secure an efficiently run business with strong upside opportunity to grow the letting pool.

Ideally located on the city fringe, just minutes from the CBD, be quick to enquire about this genuine ‘business only’ opportunity!

- Enviable Sydney suburb location under 5km to the CBD
- 207 apartments, with 123 in letting pool
- Long tenure on agreements (24 years letting + 9 years caretaking)
- Manager's office on freehold title includes reception & office space, 1 x carspace and storage
- No facilities or gardens to maintain, outsourced to contractors
- Incredible $368,207 Body Corporate salary
- Freehold office underpins security of letting pool with option to run a real estate agency if desired
- Solid letting income with plenty of potential to expand the letting pool
- Inspection by appointment only
Date updated: 12 Jan 2025 22:00:05

Business Summary