BUILDING MANAGEMENT - OFFERING HIGH OC SALARY AND SECURITY OF 24 YEARS ON BMA | Resort Brokers ID : MRC009258
Resort / Holiday Management Rights for Sale in West Melbourne, VIC — $998,000
Key facts
- Price
- $998,000
- Location
- West Melbourne, VIC 3003
- Type
- Resort / Holiday Management Rights
- Caretaking remuneration
- $272,006
- Units in letting pool
- 60
- Total units in complex
- 198
- Agreement remaining (years)
- 25
- Listed by
- Resort Brokers
- Listing ID
- 21183173
- Last updated
- 2026-11-01
Description
Secure a sizeable building management agreement over a modern apartment complex located in the vibrant suburb of West Melbourne. Comprising a total of 198 apartments, the business is underpinned by an OC salary over $270,000 and has the added security of long tenure remaining on the 25 year BMA. <br />
<br />
The Marker comprises of three low rise buildings set over five expansive retail lots and has major tenant Aldi already well-established. Ideally, there is no requirement for the managers to own a lot or reside onsite making this a genuine business-only acquisition. <br />
<br />
<br />
- Established in September 2022, with BMA commencing in August 2025 leaving 24+ years remaining<br />
- 25 year Building and Letting Management Agreements<br />
- Owner's Corporation salary of $272,006 per annum with yearly CPI increase<br />
- No real estate to purchase, no requirements to live onsite - business only<br />
- 198 apartments across three buoldings with ground level retail<br />
- Reception, office and storage under licence for exclusive use by management<br />
- Amenities include stylish foyer entries, landscapedcourtyard garden, private dining & lounge areas.<br />
- Building Manager must be contactable during specified office hours<br />
- All inspections by appointment with agent only<br />
Date updated: 01 Nov 2026 23:00:06
<br />
The Marker comprises of three low rise buildings set over five expansive retail lots and has major tenant Aldi already well-established. Ideally, there is no requirement for the managers to own a lot or reside onsite making this a genuine business-only acquisition. <br />
<br />
<br />
- Established in September 2022, with BMA commencing in August 2025 leaving 24+ years remaining<br />
- 25 year Building and Letting Management Agreements<br />
- Owner's Corporation salary of $272,006 per annum with yearly CPI increase<br />
- No real estate to purchase, no requirements to live onsite - business only<br />
- 198 apartments across three buoldings with ground level retail<br />
- Reception, office and storage under licence for exclusive use by management<br />
- Amenities include stylish foyer entries, landscapedcourtyard garden, private dining & lounge areas.<br />
- Building Manager must be contactable during specified office hours<br />
- All inspections by appointment with agent only<br />
Date updated: 01 Nov 2026 23:00:06