West Melbourne, Victoria

BUILDING MANAGEMENT - OFFERING HIGH OC SALARY AND SECURITY OF 24 YEARS ON BMA | Resort Brokers ID : MRC009258

$998,000

Business Description

Secure a sizeable building management agreement over a modern apartment complex located in the vibrant suburb of West Melbourne. Comprising a total of 198 apartments, the business is underpinned by an OC salary over $270,000 and has the added security of long tenure remaining on the 25 year BMA.

The Marker comprises of three low rise buildings set over five expansive retail lots and has major tenant Aldi already well-established. Ideally, there is no requirement for the managers to own a lot or reside onsite making this a genuine business-only acquisition.

- Established in September 2022, with BMA commencing in August 2025 leaving 24+ years remaining
- 25 year Building and Letting Management Agreements
- Owner's Corporation salary of $272,006 per annum with yearly CPI increase
- No real estate to purchase, no requirements to live onsite - business only
- 198 apartments across three buoldings with ground level retail
- Reception, office and storage under licence for exclusive use by management
- Amenities include stylish foyer entries, landscapedcourtyard garden, private dining & lounge areas.
- Building Manager must be contactable during specified office hours
- All inspections by appointment with agent only
Date updated: 15 Jun 2026 23:00:03

Business Summary