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Business-Only Management Rights for Sale in a Trendy Melbourne Suburb
$888,000 - Business Only
Permanent Management Rights, BRUNSWICK VIC
Step into a thriving management rights business in one of Melbournes most sought-after suburbs! With all the hard work done, this opportunity offers you the chance to reap the rewards and enjoy a profitable venture. Easily managed by one person, this business presents an ideal investment for those looking to capitalize on Melbournes vibrant real estate market.
Suburb Highlights: Located in a chic and bustling suburb of Melbourne, this management rights business benefits from a prime location known for its trendy cafes, boutique shopping, and excellent transport links. Melbourne continues to attract investors with its diverse economy, strong rental market, and consistent property growth, making this an ideal investment in a city renowned for its liveability and vibrant lifestyle.
Business Features:
Net Profit: $208,054 per annum
Body Corporate/Owners Corp Salary: Over $143,000 per annum
Term Remaining: 18 years on the agreements
Established Ownership: Held by the same owner since the building's construction 7 years ago
Letting Pool: 38 permanent rentals with a stable rental base
Operations: Can be easily managed by one person with cleaning services outsourced (at managers expense) that can remain in place if required
The business boasts a proven track record and strong letting appointments, providing a steady income stream. With a history of unit sales within the building that can further boost your earnings (sales not included in the P&L), this is a rare opportunity to secure a low-maintenance, high-reward investment.
All offers will be considered. Dont miss out on this fantastic chance to own a successful management rights business in a prime Melbourne location!
**Ras360 Specialists in Management Rights | Motels | Hotels | Pubs | Parks**
More Information
- Total Purchase Price: $888,000 - Business Only
- Net Income: $ 208,054
(actual)
This is the combined total income acheived by the business after expenses, before tax. - Included Real Estate: $ 0
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