Pyrmont, New South Wales


Property Description

Business For Sale - Sydney Inner City Permanent Management Rights - ID 7856 BL

Permanent Management Rights Close to Sydney CBD
No Residential Real Estate to Purchase

- No requirement to live on site
- Currently 62 quality permanent rentals in the letting pool
- Refurbished building 2005
- $125,560 supervisory remuneration
- No lawns, gardens or pool to look after
- After hours security in place
- 10 minutes to Sydney CBD
- Office and storage in place
- Full real estate licence required
- New 10 year agreement from settlement

A great opportunity to continue re-sales in the complex and grow the rental pool

Net Profit: $286,000
Asking Price: $1,450,000
(inclusive of managers real estate)

For further information on this NSW management rights opportunity contact Exclusive Broker Warren Sweetman

Property Summary

Business Snapshot

Price: $1,450,000 Net Profit: $286,000 Remuneration / Body Corp Salary: $125,560

Managers Unit

Complex Information

Complex Type: PermanentTotal Units in Complex: 163Total Units in Letting Pool: 63Permanent Units: 63Owner Occupy Units: 65Outside Agent Units: 34Lockup Units: 2Agreement Module: StandardAgreement Term: 10 yearsAgreement Term Remaining: 10 yearsBBQ Area: Yes

Marketing Agent

Marketing Agency

MR Sales

Warren Sweetman
MR Sales


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Pyrmont, New South Wales 2009 Exact map location not provided

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