Under Contract

EXCEPTIONAL MLR BUSINESS WITH $578K NET PROFIT

ResortBrokers exclusively presents to market the established Facilities Management and Letting Rights to Sky Garden. A superbly designed three tower complex in Glen Waverley. This large business offers incoming operators a substantial salary with a net profit in excess of $570K and plenty of upside potential by bringing back external lets into the on-site pool.

  • Large scale, high quality complex delivered in late 2020
  • 536 apartments with 134 in the permanent letting pool
  • Good upside opportunity to convert outside agents
  • Owner's Corporation salary c. $330K
  • Long 23 year tenure remaining on FM & Letting Agreements
  • Located 25 minutes from Melbourne CBD
  • Excellent operational areas including offices and multiple storage areas
  • Residential apartments available to purchase if desired
  • Separate Concierge Agreement on 3/3/3 year term
  • On-site pool, gym, steam room, day spa rooms, library, meeting rooms, private dining rooms. 
  • All inspections by Appointment Only
Listing Ref MRB007838
Property Type Management Rights
Sale Type Management Rights - Business only
State VIC
Region Melbourne
Suburb GLEN WAVERLEY
Net Profit $578,574
Price $3.050m BUS & $745K RE
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Tim Crooks

Interested? Why not give Tim Crooks a call on 0422 208 450 or

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Alex Cook
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