RARE SYDNEY HIGH NETTING MANAGEMENT RIGHTS | Resort Brokers ID : MR007633
$3,520,000
Permanent Management Rights, Sydney NSW
ResortBrokers presents a truly sensational opportunity for an experienced operator to secure a fully established, combined, permanent MLR and rent roll business within 10km of Sydneys' CBD.
This modern high-rise complex comprising a total of 242 apartments is an extremely well-run and neatly maintained MR business offering incredible growth and upside potential for the incoming managers.
With and a verified Net Profit circa $580,000, and agreements topped up to 10-years upon settlement, this high-performing Management Rights business is truly an unmissable opportunity for the astute buyer.
- Includes external rent roll with upside potential
- Verified Net Profit circa $580,000
- 133 internal units in letting pool + 102 external under management
-
Modern high-rise apartment complex in prime location
- On-site amenities include indoor pool, spa and gymnasium
- Real Estate includes a well-appointed 1-bed penthouse apartmentwith secure carpark
- Manager's office with meeting room on ground floor under title
- Additional storage areas, ample parking and low maintenance gardens
- Inspections by appointment only
Date updated: 28 Apr 2024 23:00:03
More Information
- Total Purchase Price: $3,520,000
- Net Income: $ 580,182
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 970,000
The value of on-title property included with the business. Its price is included in the Total Purchase Price. - Multiplier: undisclosed
Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.
Number of units the manager is authorised to manage.
Number of units resided in by their owners.
Number of units owners are not renting out, but also do not live in.
Number of units being rented by other agents (these could potentially be acquired by the manager).
The total number of units within the complex.
This is the body corporate caretaker salary. It is included in the Net Income above.
How long is the caretaking contract.
How long remains on the caretaking contract before it must be renewed?
How long has the management rights existed.
Required Office Hours
The value of on-title property included with the business. Its price is included in the Total Purchase Price.
Is there a manager's office included on the title?
Can the manager own a pet on site?