Under Contract

Rare Sydney City Fringe Permanent Management Rights

This Management Rights property offers a lucrative return for an astute operator ready to swoop in and secure an efficiently run business with strong upside opportunity to grow the letting pool.

Ideally located on the city fringe, just minutes from the CBD, be quick to enquire about this genuine ‘business only’ opportunity!

  • Enviable Sydney suburb location under 5km to the CBD
  • 207 apartments, with 123 in letting pool
  • Long tenure on agreements (24 years letting + 9 years caretaking)
  • Manager's office on freehold title includes reception & office space, 1 x carspace and storage
  • No facilities or gardens to maintain, outsourced to contractors
  • Incredible $368,207 Body Corporate salary
  • Freehold office underpins security of letting pool with option to run a real estate agency if desired
  • Solid letting income with plenty of potential to expand the letting pool
  • Inspection by appointment only
Listing Ref MR007643
Property Type Management Rights
Sale Type Management Rights - All
State NSW
Region Greater Sydney
Suburb Balmain
Net Profit $596,565
Price $3,328,108
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Tim Mayoh

Interested? Why not give Tim Mayoh a call on 0419 038 882 or

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Jacqueline Featherby

Or... call Jacqueline Featherby on 0424 497 056 or

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