Brunswick, Victoria
Business-Only Management Rights for Sale in a Trendy Melbourne Suburb
$888,000 - Business Only
Business Description
Step into a thriving management rights business in one of Melbourne’s most sought-after suburbs! With all the hard work done, this opportunity offers you the chance to reap the rewards and enjoy a profitable venture. Easily managed by one person, this business presents an ideal investment for those looking to capitalize on Melbourne’s vibrant real estate market.
Suburb Highlights: Located in a chic and bustling suburb of Melbourne, this management rights business benefits from a prime location known for its trendy cafes, boutique shopping, and excellent transport links. Melbourne continues to attract investors with its diverse economy, strong rental market, and consistent property growth, making this an ideal investment in a city renowned for its liveability and vibrant lifestyle.
Business Features:
• Net Profit: $208,054 per annum
• Body Corporate/Owners Corp Salary: Over $143,000 per annum
• Term Remaining: 18 years on the agreements
• Established Ownership: Held by the same owner since the building's construction 7 years ago
• Letting Pool: 38 permanent rentals with a stable rental base
• Operations: Can be easily managed by one person with cleaning services outsourced (at manager’s expense) that can remain in place if required
The business boasts a proven track record and strong letting appointments, providing a steady income stream. With a history of unit sales within the building that can further boost your earnings (sales not included in the P&L), this is a rare opportunity to secure a low-maintenance, high-reward investment.
All offers will be considered. Don’t miss out on this fantastic chance to own a successful management rights business in a prime Melbourne location!
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $888,000 - Business Only
Net Profit: $208,054 Remuneration / Body Corp Salary: $143,300
Complex Information
Complex Type: PermanentTotal Units in Complex: 99Total Units in Letting Pool: 38Owner Occupy Units: 39Outside Agent Units: 18Lockup Units: 5Agreement Term: 25 yearsAgreement Term Remaining: 18 years
Key Investment Insights
1. Prime location in a trendy and bustling suburb of Melbourne known for its cafes, shopping, and transport links.
2. Strong rental market and consistent property growth in Melbourne, making it an ideal investment opportunity.
3. Established ownership with the same owner since the building's construction 7 years ago.
4. Net profit of $208,054 per annum and body corporate/owners corp salary of over $143,000 per annum.
5. 18 years remaining on the agreements, providing stability and long-term income potential.
6. Easily managed by one person with the option to outsource cleaning services.
7. 38 permanent rentals in the letting pool with a stable rental base.
8. History of unit sales within the building that can further boost earnings (sales not included in P&L).
9. Low-maintenance, high-reward investment opportunity.
10. All offers will be considered.
