RARE MELBOURNE MIXED-USE MANAGEMENT RIGHTS WITH $540K NOP | Resort Brokers ID : MR008126
$2.7M BUS + $650K RE
Resort / Holiday Management Rights, Clayton VIC
Located in a popular precinct in suburban Melbourne, Clayton Serviced Apartments is a fully established business that's ideal for both short-stay and permanent occupation. This well-maintained, easy to run complex comprises 181 apartments and townhouses and has been a high performing business since inception.
- Verified net operating profit of $540,999
- High annual $179,116 Owner's Corporation salary
- Total 181 units with 87 in the letting pool - inc. 33 in short-term pool
- Prime location close to Monash University, Hospital / Medical, Business Park
- Caretaking / Letting Agreements with 23 years tenure
- Huge upside opportunity with 55 units being managed by external agents
- No requirement to live on-site
- Well-appointed operational areas– reception, office, storage, linen room
- Easy to clean common areas and no communal facilities
- Includes 3 bed, 2 bath manager's unit (in short-term pool generating c. $45K income) - $650KAll inspections by appointment
Date updated: 28 Apr 2024 23:00:06
More Information
- Total Purchase Price: $2.7M BUS + $650K RE
- Net Income: $ 540,999
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 695,000
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?