Under Contract
Permanent Business Only - Absolute Beachfront with Strong Net Profit over $240k
Exceptional management rights opportunity located right on the stunning Scarborough waterfront. This impressive 131 apartment complex offers a high net income and a substantial body corporate salary. With no requirement to reside onsite, this is the ultimate investment for savvy managers and can easily be managed by one person.
Business Price: $1,250,000
Office Price: $100,000
Total Price: $1,350,000
- Permanent business only – High net profit over $242k
- No office hours – No unit to buy
- Solid BC salary - $212,923 - Over 88% of total income
- Modern apartments with a small letting pool to manage
- Podium-level swimming pool with gardens and outdoor seating
- Ground-floor office on title to purchase – $100k
- Easily managed by one person
- Perfect add-on for a local operator or newcomer to the industry
- Beautiful bayside location close to cafes, restaurants, transport, and amenities
- Inspections by appointment only
