WEST MELBOURNE ESTABLISHED MLR - 24+ YEARS REMAINING - NET PROFIT C. $390K

This is an outstanding and rare opportunity to secure a large-scale, near-new management and letting rights to a modern apartment complex located in the vibrant suburb of West Melbourne. The Marker comprises of three low rise buildings set over five expansive retail lots and has major tenant Aldi already well-established. Ideally, there is no requirement for the managers to own a lot or reside onsite making this a genuine business-only acquisition.

Boasting a total of 198 apartments, with 60 in the onsite letting pool, the business is underpinned by a strong OC salary over $270,000 and long tenure remaining on the 25 year BMA. With well over 50 apartments using external letting agents, The Marker presents with incredible upside potential for an active manager to grow the permanent letting pool and increase revenue.