Management Rights, Sydney Inner North Shore
Management Rights
ActivePropertyNew South WalesB2B & B2C
Asking price
$5,400,000+
Disclosed · AUD
Revenue (est.)
~$4,275,623
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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