Sydney, New South Wales

UPMARKET SYDNEY APARTMENTS

SOLD

Business Description

At the heart of a revitalised and thriving suburb gaze from your elevated residential enclave across to the unmistakeable Sydney skyline. This outstanding collection of near new residences offers great street appeal.

Located in one of Sydney’s best value suburbs, this business is in high demand, blessed by CBD proximity, express trains, lovely parks, shopping and excellent private schools. Forget the stress of car parks, as everything you could need is only footsteps away.

No unit to buy. Office Only. No requirement to live on site and no office hours offers flexibility for the manager.

A healthy building management salary with 9 years remaining on agreements, large office on title and a solid letting pool with quality tenants always available those in the know will appreciate management rights of this calibre are hard to find in Sydney!

Business Summary

Business Snapshot

Price: SOLD Net Profit: $230,000

Managers Unit

Value of Managers Apartment: $330,000Office: On TitlePets OK: Yes

Complex Information

Complex Type: PermanentTotal Units in Letting Pool: 47Agreement Term: 10 yearsAgreement Term Remaining: 9 yearsBBQ Area: YesPay TV: Yes

Other Features / Notes

No unit to buy. Office on Title only!

Key Investment Insights

1. Prime location in a revitalized and thriving suburb with great street appeal.
2. High demand for the business due to its proximity to CBD, express trains, parks, shopping, and private schools.
3. No requirement to live on site or have office hours, providing flexibility for the manager.
4. Healthy building management salary with 9 years remaining on agreements.
5. Large office on title and solid letting pool with quality tenants.
6. Managers apartment valued at $330,000.
7. Pets are allowed on the premises.
8. Complex type is permanent with a total of 47 units in the letting pool.
9. Agreement term is 10 years with 9 years remaining.
10. Additional amenities such as BBQ area and pay TV are available.
11. No unit to buy, only office on title.
12. Great opportunity for those looking for management rights in Sydney.

Management Rights Multiplier: 4.30
ROI Estimate: 23.26%

Listing location
Gallery

This Business is sold

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