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Management Rights
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Exclusive
  • Management Rights Sydney
  • Listing Photograph

SYDNEY - LARGE SCALE PERMANENT

$2,513,000

Permanent Management Rights, CHATSWOOD NSW

Stratacorp proudly and exclusively offers this prestigious long-term residential Management Rights opportunity and commercial property located in the highly sought-after, leafy north shore suburb of Chatswood, Sydney, just minutes from the Mandarin Centre and Westfield Chatswood Mall as well as a range of internationally renowned attractions and diverse dining options.
The iconic building offers a letting pool of 101 high quality one-, two- and three-bedroom long-stay apartments in the prestigious north shore suburb of Chatswood.
Key highlights:
- Ideal building for a start-up or experienced management couple
- ROI 18%
- Nett operating profit of $458,557 with room for growth by increasing letting pool
- Long term letting pool with 101 units in the pool. A mix of 1 bed, 2 bed and 3 bed units.
- Solid Body Corporate salary of $293,067+gst
- Real estate component of $450,000 consisting of air-conditioned office area. No residential unit to purchase
- Easy to manage/maintain property with healthy sinking fund and supportive Committee ( Owners Corporation)
- Staff wages allowed for in P&L
- No set office hours on agreement. Current office hours: Mon-Fri 8am - 6pm.
Please make contact with Charles Nurse via email or phone to receive a full information pack upon signing of confidentiality agreement.
*Note that the information provided is to the best of our knowledge and understanding based on what is available. Purchaser to carry out their own investigations and due diligence to confirm their direction on proceeding forward with an offer.

More Information

Financial Overview

  • Total Purchase Price: $2,513,000
  • Net Income: $ 458,557 (Actual)
    This is the combined total income acheived by the business after expenses, before tax.
  • Included Real Estate: $ 450,000
    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.

Letting Business

  • Letting Pool: 101
    Number of units the manager is authorised to manage.
  • Owner Occupiers: 83
    Number of units resided in by their owners.
  • Lock Ups: 0
    Number of units owners are not renting out, but also do not live in.
  • Outside Agents: 26
    Number of units being rented by other agents (these could potentially be acquired by the manager).
  • Units In Complex: 201
    The total number of units within the complex.
  • Caretaking

  • Remuneration: $ 0
    This is the body corporate caretaker salary. It is included in the Net Income above.
  • Agreement Term: 25 years
    How long is the caretaking contract.
  • Agreement Remaining: 11 years
    How long remains on the caretaking contract before it must be renewed?
  • Agreement Age: 0 years
    How long has the management rights existed.
  • Office Hours:
    Required Office Hours
  • Complex Features:
  • Real Estate Component

  • Manager's Unit:   0 0
  • Included Real Estate: $ 450,000
    The value of on-title property included with the business. Its price is included in the Total Purchase Price.
  • Manager's Car Spaces: 0
  • Office On Title: 1
    Is there a manager's office included on the title?
  • Pets: No
    Can the manager own a pet on site?
  • Unit Features:
  • Listing Agent Contact Details

    %2Fusers%2Flogo_7566794%2F1.jpg Click here to view full profile for: Stratacorp

    Portrait

    Charles Nurse

    Office : 07 5609 8...
    Mobile : 0477 826 666, or +61 7 5609 8...

    Stratacorp

    http://www.stratacorp.com


    Send an Email:

    Similar Properties

    Listing Photograph Exclusive $2,513,000
    Management Rights CHATSWOOD

    Permanent Management Rights

    Chatswood, Sydney
    • Net Income: $ 458,557 (Actual)
    • Letting Pool: 101
    • Manager's Estate (incl): $ 450,000   0   0
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    • Property ID: 21094408
    • Broker's Ref:
    • =7566794
    • Last Update: 1 month ago.
    • Listing Type: Permanent
    • Price: $2,513,000
    • CHATSWOOD, NSW

    Agent Details

    %2Fusers%2Flogo_7566794%2F1.jpg Click here to view full profile for: Stratacorp

    Portrait

    Charles Nurse

    Office : 07 5609 8...
    Mobile : 0477 826 666, or +61 7 5609 8...

    Stratacorp

    http://www.stratacorp.com


    Send an Email:


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    • Net Income: $ 125,000 (actual)
    • Remuneration: $ 70,000
    • Letting Pool: 64
    • Manager's Estate (incl): $ 230,000   0   0     Pet Friendly
    Listing Photograph Listing Photograph Listing Photograph

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