Sold
Management Rights · Campsie · MR007498
This Management Rights property offers a lucrative return for an astute investor ready to swoop in and secure an efficiently run caretaking and facilities management business with strong upside opportunity to grow the letting pool.
HIGH YIELDING CARETAKING & MANAGEMENT BUSINESS 13KM TO SYDNEY CBD
This Management Rights property offers a lucrative return for an astute investor ready to swoop in and secure an efficiently run caretaking and facilities management business with strong upside opportunity to grow the letting pool.
- Net profit
- $293K
- Asking $790,520
- Status
- Sold
The business at a glance.
- Large-scale permanent residential complex with 332 apartments
- Current total letting pool of 52 - mix of apartment types
- On-site retail office on freehold title - 49sqm with prominent signage & exposure
- Exclusive rights over residential sales and rentals
- Brand new 3 year Facilities Management term agreed
- Big Caretaking & Cleaning salary of $346,909 p.a. ex GST
- Solid letting income with plenty of potential to expand the letting pool
- On-site residential sales business offers huge additional income stream for driven sales person
- Great Sydney suburb location 13km to the CBD with excellent surrounding amenity
The asset, the manager unit, the location.
Campsie, NSW
Campsie, NSW
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