Waterloo, New South Wales

INNER SYDNEY BIG PERMANENT MLR WITH NOP CIRCA $750K + UPSIDE POTENTIAL | Resort Brokers ID : MR008707

$3,783,109

Business Description

Rare opportunity to secure a large-scale permanent management rights in Sydney. Well-run by same management since inception, the property is very established and boasts a large net profit underpinned by a high OC salary and a strong letting pool. Based within the city-fringes of Sydney, this is a desired location that has significant tenant drivers ensuring low vacancy and continued demand.

- Newly topped up 10-year standard agreement
- Sizeable complex with over 250 lots in a vibrant & well-connected suburb of Sydney
- With letting pool of 150 appointments that are all let on a permanent rental basis
- Wide selection of 1, 2 and 3 bedroom units
- Body Corporate salary over $400,000 per annum
- Opportunity to convert outside agents back into the letting pool
- Freehold operational areas - reception & office, storage and garage
- Additional neighbouring caretaking businesses provide a further source of revenue
- All inspections by appointment only
Date updated: 07 Aug 2025 23:00:02

Business Summary