Residential Management Rights Near Sydney CBD
Residential Management Rights Near Sydney CBD
Residential Management Rights Near Sydney CBD
Residential Management Rights Near Sydney CBD
Residential Management Rights Near Sydney CBD
Residential Management Rights Near Sydney CBD

Residential Management Rights Near Sydney CBD

$1,831,000

A perfect opportunity to secure the Management and Letting Rights of a residential apartment building adjacent to the CBD of Sydney. Additionally, on offer is the letting of on site car parks, storage cages, furniture packs and the letting rights for an additional 22 apartments within the surrounding area. The opportunity also comes with the necessary purchase of Lot 121 a ground floor office/ basement car park and storage unit.

Key Features

  • Multiple income streams, apartment letting, provision of apartment furniture packs, rental of car parks and storage cages.
  • No requirement to purchase an apartment on site, however, required to reside on site.
  • 25 year caretaking agreement with 18 years current tenure.
  • Workable office hours 9-5 Monday-Friday and 9-12 Saturday.
  • Current Caretaking Salary $142,000 (Inc GST) CPI Annual increases.
  • Freehold Office/Reception and Storage $300,000

 

NB: Property inspections are by appointment only

Key Details

Listing Ref: MR004955
Property Type: Management Rights
Region: NSW - Greater Sydney
Suburb: Pyrmont
Sale Type: Management Rights - All
Net Profit: $357,903
Price: $1,831,000

Listing Agent(s)

Agent Feedback

First person Jim Chapman brought through the door bought out motel. Without someone with Jim’s knowledge of motels, I don’t think it would have happened so quickly. Jim acted in a professional manner and was able to negotiate a realistic selling price for us. Jim was able to ensure there was an easy transition between us and the new owners.

- Barry & Karren Chappel
Previous Vendors,
Clifton Motel

I had the pleasure of meeting and dealing with Jim Chapman at Resort Brokers nearly four years ago during the sale process of our first Quest business. Having being so pleased with the way Jim dealt with the first sale, I approached Jim to sell my next Quest business where again Jim delivered the sale with excellent results. I found Jim a true Gentleman and professional. Jim's communication was consistent and advise during the sale process was invaluable putting my mind at ease and delivering me a stress free sale. I would highly recommend Jim Chapman to sell your business and I will certainly approach Jim to sell my next business. Thanks Jim, good luck and keep up the great work that you do!

- Chris Brown
Vendor,
Quest Moorabbin

Shane Wynhoven did a sterling job in securing the sale. He had to jump through a lot of hoops to get this across the line but he did so in a thoroughly professional manner at all times. He responded promptly to any enquiries we had with the property and updated us of any progress and of any impending problems.

- Bruce and Tanya McDonald MILLTHORPE MOTEL