Brunswick, Victoria
Management Rights for Sale Inner Melbourne Business Only
$849k Negotiable - Business Only
Business Description
Opportunities of this calibre are exceptionally rare in Victoria. Offering a long term management rights agreement—something seldom available in the Victorian market—this outstanding business-only operation delivers the long-term security buyers are increasingly seeking, without the additional capital required to purchase a manager's residence.
Currently operated successfully by a single owner, the business has been designed for simplicity and efficiency, generating a net profit of $234,104 per annum, including a secure Body Corporate salary of $150,300. The business comprises 38 permanent letting appointments plus three external managements and has been owned by the original operator since the complex was completed. A significant feature of this opportunity is its exceptionally low workload. The current cleaning arrangements are funded by Choice Hotels, allowing the business to continue operating in a highly passive manner should the incoming owner wish to retain the existing model, making it an ideal lifestyle business for a solo operator.
Positioned in one of Melbourne's most desirable inner-city suburbs, the property benefits from strong rental demand, excellent public transport and an enviable mix of cafés, shopping and lifestyle amenities, providing a stable platform for ongoing performance. This is a genuine walk-in, walk-out operation with established systems, secure agreements and immediate cash flow. Importantly, the current profit does not include any income from future apartment sales, presenting additional upside for the next owner.
With the vendor genuinely motivated to sell, this represents a rare opportunity to secure one of Victoria's most tightly held and easy-to-manage management rights businesses.
**Ras360 – Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
Business Summary
Business Snapshot
Price: $849k Negotiable - Business Only
Net Profit: $234,104 Remuneration / Body Corp Salary: $150,300
Complex Information
Complex Type: PermanentTotal Units in Complex: 99Total Units in Letting Pool: 38Owner Occupy Units: 37Outside Agent Units: 24Agreement Term: 25 yearsAgreement Term Remaining: 15 years
Key Investment Insights
1. Long-term management rights offered as business-only, a rarity in Victoria providing security without buying a manager's residence.
2. Asking price $849k negotiable, positioned as a business-only sale.
3. Net profit $234,104 per annum, including a Body Corporate salary of $150,300.
4. Agreement term originally 25 years, with 15 years remaining, offering medium-term contract security.
5. Letting portfolio comprises 38 permanent letting appointments plus three external managements.
6. Complex totals 99 units, with 38 in the letting pool, 37 owner-occupied and 24 managed by outside agents.
7. Exceptionally low operational workload, currently run by a single owner since completion.
8. Cleaning arrangements funded by Choice Hotels, enabling a passive, lifestyle-friendly operating model.
9. Established systems and secure agreements, described as a genuine walk-in, walk-out operation with immediate cash flow.
10. Prime inner Melbourne suburb location, benefiting from strong rental demand, excellent public transport and high-quality cafés, shopping and lifestyle amenities.
11. Additional upside available from future apartment sales, not reflected in current profit.
12. Vendor is genuinely motivated, potentially facilitating a faster sale or favourable negotiation.
