ResortBrokers is proud to present this well-established management rights opportunity in Ormiston. The sellers’ circumstances have changed, creating a genuine opportunity to secure a high-quality business and residence that is keenly priced at a level to attract immediate interest from qualified buyers.
The business is underpinned by a strong body corporate salary exceeding $137,000, accounting for approximately 95% of total income, and is being offered at an attractive 2x multiplier representing incredible value.
The caretaking and letting agreements have recently been fully topped up to the full 10-year standard module term, providing long-term security and confidence for an incoming operator.
Included is a rare, low-set, freestanding three-bedroom manager’s residence with office, offered at $900,000. By comparison, the median house price in Ormiston is approximately $1,340,000 (source: realestate.com.au) highlighting the value on offer for a comparable freestanding home in this tightly held bayside suburb.
With a manageable workload, supportive committee, and excellent top-up history, this opportunity will appeal to both first-time buyers and experienced operators seeking a secure income stream, a quality family home, and a relaxed bayside lifestyle.
The price has been reset and is firmly positioned to attract immediate interest. Don't miss this exceptional opportunity.
Contact Jeff to arrange your inspection today!
Manager’s residence $900,000
Business $280,000 (2x multiplier).
Total price $1,180,000. Price is firm.
Contact Jeff today to make an inspection
Interested? Why not give Jeff Keast a call on 0414 669 007 or jeff@resortbrokers.com.au
