Management Rights, Sydney Inner North Shore

Management Rights, Sydney Inner North Shore — Property · Sydney Inner North Shore, Sydney · Asking $5,400,000+ · Net Profit $999,213

Over 100 keys with 70 in the short-term letting pool under a performance undertaking arrangement. New agreements include a 25-year maximum letting agreement and a 10-year maximum caretaking agreement. Verified net profit underpinned by a body corporate salary. Run under management with full-time reception staff, contract cleaners, housekeeping and maintenance teams. No requirement to live onsite…

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Management Rights, Sydney Inner North Shore

Management Rights

ActivePropertyNew South WalesB2B & B2C

View original listing ↗

Asking price

$5,400,000+

Disclosed · AUD

Revenue (est.)

~$4,008,075

Estimated · comparable listings of this type and size

Net Profit

$999,213

Implied multiple

5.4×

asking / earnings

Brief

Over 100 keys with 70 in the short-term letting pool under a performance undertaking arrangement.
New agreements include a 25-year maximum letting agreement and a 10-year maximum caretaking agreement.
Verified net profit underpinned by a body corporate salary.
Run under management with full-time reception staff, contract cleaners, housekeeping and maintenance teams.
No requirement to live onsite or own an apartment in the building.
Manager's office and reception on freehold title comprise 28 sqm plus 10 sqm of storage on the lower ground floor.

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