INNER SYDNEY BIG PERMANENT MLR WITH NOP CIRCA $750K + UPSIDE POTENTIAL | Resort Brokers ID : MR008707

$3,783,109

Permanent Management Rights, WATERLOO NSW

Rare opportunity to secure a large-scale permanent management rights in Sydney. Well-run by same management since inception, the property is very established and boasts a large net profit underpinned by a high OC salary and a strong letting pool. Based within the city-fringes of Sydney, this is a desired location that has significant tenant drivers ensuring low vacancy and continued demand.

- Newly topped up 10-year standard agreement
- Sizeable complex with over 250 lots in a vibrant& well-connected suburb of Sydney
- With letting pool of 150 appointments that are all let on a permanent rental basis
- Wide selection of 1, 2 and 3 bedroom units
- Body Corporate salary over $400,000 per annum
- Opportunity to convert outside agents back into the letting pool
- Freehold operational areas - reception& office, storage and garage
- Additional neighbouring caretaking businesses provide a further source of revenue
- All inspections by appointment only
Date updated: 07 Aug 2025 23:00:02

More Information

Financial Overview

Total Purchase Price: $3,783,109
Net Income: $ 748,319 (actual)
_{This is the combined total income acheived by the business after expenses, before tax.}
Included Real Estate: $ 355,000
_{The value of on-title property included with the business. Its price is included in the Total Purchase Price.}
Multiplier: undisclosed
_{Estimated number of years till the Net Income reaches the Purchase Price of the business component. Other factors such as lifestyle, workload, location and offering should always be considered ahead of the multiplier when evaluating a Management Rights business.}

Letting Business

Letting Pool: 96
_{Number of units the manager is authorised to manage.}

Owner Occupiers: 118
_{Number of units resided in by their owners.}

Lock Ups: 0
_{Number of units owners are not renting out, but also do not live in.}

Outside Agents: 65
_{Number of units being rented by other agents (these could potentially be acquired by the manager).}

Units In Complex: 280
_{The total number of units within the complex.}

Caretaking

Remuneration: $ 425,000
_{This is the body corporate caretaker salary. It is included in the Net Income above.}

Agreement Term: 10 years
_{How long is the caretaking contract.}

Agreement Remaining: 10 years
_{How long remains on the caretaking contract before it must be renewed?}

Agreement Age: 0 years
_{How long has the management rights existed.}

Office Hours: 8amâ 6pm Monday to Friday, 9am â 1pm Saturdays
_{Required Office Hours}

Complex Features: 3 Main Lobbies, 6 Lifts, Garden Courtyard 271 residential car spaces, 19 residential visitors spaces + 17 commercial visitors spaces