West Melbourne, Victoria
LARGE-SCALE MELBOURNE CARETAKING ONLY - $393K NET INCOME | Resort Brokers ID : MRC007691
Under Contract / Offer
Business Description
ResortBrokers presents an incredibly lucrative Melbourne-based opportunity offering high return on investment with upside potential to grow a large letting pool! Suited to an experienced operator, the portfolio comprises four modern residential buildings.
- High-earning, substantial portfolio that's easy to manage
- Incoming operators have the security of a solid OC salary approx. $354K
- Additional income of $39,000 including internet, rent, keys/fobs, etc
- Majority of income stems from the three buildings located within 4 mins of each other
- One building circa. 15 mins driving distance
- All on 25 year Agreements with between 18 to 23 years remaining
- High quality, boutique buildings in key locations of Melbourne
- One property has no communal amenities
- Two offices and one reception included
- Potential additional income from lettings in three buildings if desired
- All inspections by appointment.
Date updated: 04 Dec 2023 22:00:02
Business Summary
Business Snapshot
Price: Under Contract / Offer
Net Profit: $356,656 Remuneration / Body Corp Salary: $354,525
Managers Unit
Complex Information
Complex Type: PermanentTotal Units in Complex: 105Agreement Term Remaining: 25 years
Key Investment Insights
1. High return on investment with potential for growth in letting pool.
2. Portfolio consists of four modern residential buildings.
3. Solid OC salary of approximately $354K.
4. Additional income of $39,000 from various sources.
5. Majority of income comes from three buildings located within close proximity.
6. All buildings have long-term agreements with 18-23 years remaining.
7. Boutique buildings in key locations in Melbourne.
8. One building has no communal amenities.
9. Potential for additional income through lettings in three buildings.
10. Two offices and one reception included.
11. All inspections by appointment only.
12. Managers unit included in the sale.
13. Permanent complex with a total of 105 units.
14. Agreement term remaining for 25 years.
