Sydney, New South Wales

RARE, SYDNEY HIGH NETTING MANAGEMENT RIGHTS | Resort Brokers ID : MR006922

$2.343M Bus + $1.140M RE

Property Description

Fully established, permanent MLR business. A sensational opportunity for an experienced operator to secure a prime management rights and rent roll business netting circa. $500,000.



  • High-rise apartment complex

  • Excellent on-site amenities include indoor pool, spa and gymnasium

  • Verified net profit circa $500,000

  • Includes external rent roll with upside potential

  • Real Estate includes a large two bed / two bath apartment with secure carpark

  • Manager's office with meeting room on ground floor under title

  • Additional storage areas, ample parking and low maintenance gardens

  • Rare 25 year agreement with 13 yearsremaining (typically 10 years)

  • Well-run and neatly maintained MR business, in a prime location, offering incredible growth and upside potential for the incoming manager's.

  • Inspections by appointment only

Date updated: 01 Dec 2021 00:00:07

Property Summary

Business Snapshot

Price: $2.343M Bus + $1.140M RE Net Profit: $498,487 Remuneration / Body Corp Salary: $418,184

Managers Unit

Value of Managers Apartment: $1,140,000Bedrooms: 2Bathrooms: 2Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 242Total Units in Letting Pool: 131Holiday Units: 131Owner Occupy Units: 78Outside Agent Units: 33Agreement Term Remaining: 13 years
Marketing Agent
Jacqueline Featherby
Jacqueline Featherby

Listing location
Gallery

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