Management Rights, West Melbourne
Management Rights
ActiveHospitality & TourismVictoriaB2C
Asking price
$998,000
Disclosed · AUD
Revenue (est.)
~$1,091,079
Estimated · comparable listings of this type and size
Net Profit
$272,006
Implied multiple
3.7×
asking / earnings
Brief
- Business-only management rights (no real estate purchase, no requirement to live onsite)
- 198 apartments across three buildings with ground-level retail
- 25-year Building and Letting Management Agreement with 24+ years remaining; established September 2022, BMA commencing August 2025
- Owner's Corporation salary with yearly CPI increase
- Reception, office and storage held under licence for exclusive use by management
- Amenities include stylish foyer entries, landscaped courtyard garden, and private dining and lounge areas
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