Exclusive

HIGH NET PERMANENT MLR - $285K

ResortBrokers presents an enticing opportunity to acquire the management rights of two low-maintenance permanent townhouse complexes, one of which is a small easy to care caretaking-only MLR with solely body corporate remuneration. With long agreement term remaining This opportunity is ideal for both first-time buyers seeking a stable income stream and experienced operators looking to expand their portfolio.

P&L prepared by professional industry specialist accountant showing a strong combined net profit of $285,598. Two Options are available for the purchaser to make the purchase: Both townhouse complexes together - net profit $285,598 . OR purchase only one complex - net profit $236,756. Please note that the caretaking-only MLR is not up for sale alone by itself, has to be purchased together with the larger MLR.

The current manager has been managing this complex for 10 years and is planning for a well-deserved retirement. The business operates under a 25-year Caretaking and Letting Agreement, with more than 24 years remaining, demonstrating the longevity and stability of this investment. The agreement has been supported by multiple successful top-ups, reflecting the excellent relationship between the current manager and the Body Corporate committees and owners.

One of the key highlights of this opportunity is the flexibility it offers. There are no set office hours, allowing the incoming operator to enjoy the freedom and flexibility to suit their circumstances in how they operate this business over time.

  • Long agreement terms - 24+ years
  • Separate stand alone office with No set office hours
     
  • Clean P&L prepared by industry professional accountant
     
  • Options available to purchase either one or both MLRs
     
  • Excellent body corporate relations
     
  • Strong and consistent letting pool
     
  • Located in highly sought-after Southside area with high rental demand
     
  • Suitable for either first time buyer or experience operator as add-on to their existing portfolio
  • Property inspections are strictly by appointment only
Jeff Keast

Interested? Why not give Jeff Keast a call on 0414 669 007 or