Melbourne, MELBOURNE 3000
$265,000

Wollermann & Associates
415 Canterbury Road,
Surrey Hills, VIC 3127

Melbourne, MELBOURNE 3000

Professional for sale

Melbourne, MELBOURNE VIC 3000

$265,000

Business Details

Owners Corporation (GLOC07)

This Body Corporate Management business has been engaged in strata title / body corporate management for 22 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 20 year appointment, five (5) years with three (3) further options of five (5) years. Rarely does an opportunity arise to purchase a 44 storey building in the heart of Melbourne's CBD.

The asking price of $265,000 represents an impressive Return On Investment of 37.7% and estimated payback period of 2.65 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 - 205
Management Fees - $82,600 (av. $402)
Insurance Commission - $3,300
Ancillary Charges - $25,294

For further information please contact Gary Lay on
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Summary »

  • Business Category: Professional
  • Business Sub Category: Property/Real Estate
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Wollermann & Associates
415 Canterbury Road,
Surrey Hills, VIC 3127

Phone: 03 9888 6488
Fax: 03 9888 4040

Gary Lay
Phone: 03 9888 6488

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