Under Offer
PREMIUM LARGE SCALE PERMANENT COMPLEX IN WOLLI CREEK NET OVER $540K
ResortBrokers presents a unique and rare management and letting rights business in Sydney! Don't miss out on this incredible opportunity to acquire a fully established and exceptionally well-managed large permanent apartment complex in a popular Sydney suburb.
- Newly topped up 10 year agreement, as of March 2024
- Verified net profit of $541,936 per annum
- Excellent security for incoming owners with BC salary comprising 62% of income & linked to CPI for review
- Complex consists of 253 apartments with a broad mix of unit types creating strong rental appeal
- Business comes with 16 external letting appointments and 99 in the onsite letting pool
- Opportunity to significantly increase bottom line through conversion of external agents circa 30 lots
- Superb on-site operational facilities under freehold title - office/reception, storage and carpark - $380K
- Beautifully maintained grounds with heated indoor pool, spa, sauna, gym and BBQ area and CCTV
- BC improvements underway to some external areas
- Great location with easy connectivity that has high rental demand
- All inspections by appointment only
