Melbourne, MELBOURNE 3000
Professional for sale
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
or or email
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- Business Category: Professional
- Business Sub Category: Property/Real Estate