Sold
BUSINESS ONLY MANAGEMENT RIGHTS $358K NET - 10KM TO SYDNEY CBD
ResortBrokers are excited to present a rare opportunity to acquire a large-scale, permanent Management Rights complex in the leafy neighbourhood of Croydon which boasts city views! Pure business-only with no real estate to own or live in, this is a great chance for experienced operators to secure a solid income with heaps of upside potential.
ResortBrokers are excited to present a rare opportunity to acquire a large-scale, permanent Management Rights complex in the leafy neighbourhood of Croydon which boasts city views! Pure business-only with no real estate to own or live in, this is a great chance for experienced operators to secure a solid income with heaps of upside potential.
- Net profit
- $359K
- Asking $1,675,477
- Status
- Sold
The business at a glance.
- Well-maintained and established business
- Full 10 years on Standard Module agreements (renewed March 2022)
- Complex comprises 165 townhouses and apartments
- Total of 38 units in the letting pool
- Growth opportunity to secure approx. 40 external letting appointments with outside agents
- Verified net profit of $358,995
- Owner's Corporation salary of $318,795 with CPI increase annually
- Located in Croydon, approximately 20 minutes drive into Sydney CBD
- Separate office on title includes a single carpark and storage room
- Fantastic facilities with indoor pool & spa, tennis court, gymnasium & playground
- Business only with no unit to purchase and no requirement to live on-site
The asset, the manager unit, the location.
Croydon, NSW
Croydon, NSW
Talk to the broker.
Ask about similar properties
Jacqueline Featherby
Specialist Accommodation Broker, Central Coast NSW, Hunter & Blue Mountains
0424 497 056
02 9904 8224
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