Sydney, New South Wales

RARE SYDNEY HIGH NETTING MANAGEMENT RIGHTS | Resort Brokers ID : MR007633

$3,520,000

Business Description

ResortBrokers presents a truly sensational opportunity for an experienced operator to secure a fully established, combined, permanent MLR and rent roll business within 10km of Sydneys' CBD.

This modern high-rise complex comprising a total of 242 apartments is an extremely well-run and neatly maintained MR business offering incredible growth and upside potential for the incoming managers.

25-year agreements are in place, with 12 years remaining (typically 10 years) and a verified Net Profit of circa $580,000, which makes this high-performing Management Rights business a truly unmissable opportunity for the astute buyer.

- Includes external rent roll with upside potential
- Verified Net Profit circa $580,000
- 133 internal units in letting pool + 102 external under management
-
Modern high-rise apartment complex in prime location

- On-site amenities include indoor pool, spa and gymnasium
- Real Estate includes a well-appointed 1-bed penthouse apartmentwith secure carpark
- Manager's office with meeting room on ground floor under title
- Additional storage areas, ample parking and low maintenance gardens
- Inspections by appointment only
Date updated: 01 Dec 2023 00:00:05

Business Summary

Business Snapshot

Price: $3,520,000 Net Profit: $580,182 Remuneration / Body Corp Salary: $440,348

Managers Unit

Value of Managers Apartment: $970,000Bedrooms: 1Bathrooms: 1Office: On Title

Complex Information

Complex Type: PermanentTotal Units in Complex: 242Total Units in Letting Pool: 133Holiday Units: 133Owner Occupy Units: 76Outside Agent Units: 33Agreement Term Remaining: 12 years

Marketing Agent

Jacqueline Featherby

ResortBrokers

Key Investment Insights

Key Insights:

1. Rare opportunity to acquire a combined permanent MLR and rent roll business within 10km of Sydney's CBD.
2. Modern high-rise complex with 242 apartments, well-run and neatly maintained.
3. 25-year agreements in place with 12 years remaining, providing stability and potential for growth.
4. Verified net profit of approximately $500,000, making this a highly profitable business.
5. Includes an external rent roll with potential for further growth.
6. On-site amenities include an indoor pool, spa, and gymnasium.
7. Real estate includes a well-appointed 1-bed penthouse apartment with secure carpark.
8. Manager's office with meeting room on ground floor under title.
9. Additional storage areas, ample parking, and low maintenance gardens.
10. Inspections by appointment only, highlighting the exclusivity of this opportunity.

Management Rights Multiplier: 4.40
ROI Estimate: 22.75%