ID 7856 BL, Sydney, New South Wales

Under Contract / Offer

Property Description

Business For Sale - Rarely Available 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: $1,400,000
(inclusive of managers real estate)

For further information on this NSW management rights opportunity contact:

Listing Broker
Warren Sweetman

Property Summary

Business Snapshot

Price: Under Contract / Offer Remuneration / Body Corp Salary: $125,560Body corp salary review: CPI Annually

Managers Unit

Car Spaces: 1
No residence, Titled car park space priced at $45,000

Complex Information

Complex Type: PermanentTotal Units in Complex: 163Total Units in Letting Pool: 62Permanent Units: 62Owner Occupy Units: 65Outside Agent Units: 34Lockup Units: 2Agreement Term: 10 yearsAgreement Term Remaining: 10 yearsBBQ Area: Yes

Marketing Agent

Marketing Agency

MR Sales

Warren Sweetman
MR Sales


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Property Map

Map Location ( get directions )

ID 7856 BL, Sydney, New South Wales 2000

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