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This Body Corporate Management business has been engaged in strata title / body corporate management for 10 years. They have decided to sell off one (1) management to free up capacity within their existing business.
The property has been managed for six (6) months and the manager has a 5 year appointment. Rarely does an opportunity arise to purchase a 21 storey building in the heart of Melbourne's CBD.
The asking price of $290,000 represents an impressive Return On Investment of 33.9% and estimated payback period of 2.9 years.
The financial stability and trading strength of the business is evidenced by how well Owners Corporation businesses weather difficult economic times.
No. of Plans - 1
No. of Lots - 284
Management Fees - $95,020.00 (av. $334.50)
Insurance Commission - $3,300
For further information please contact Gary Lay on
---- --- --- or 03 ---- ---- or email
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