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.

  • 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

All inspections are by appointment only

Listing Ref MR007290
Property Type Management Rights
Sale Type Management Rights - All
State NSW
Region Greater Sydney
Suburb Croydon
Net Profit $358,995
Price $1,675,477
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Jacqueline Featherby

Interested? Why not give Jacqueline Featherby a call on 0424 497 056 or

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Tim Crooks
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