Step into a thriving management rights business in one of Melbourne's 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 Melbourne's 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 manager's 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. Don't 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**
