Stratacorp proudly and exclusively offers this prestigious long-term residential Management Rights opportunity and commercial property located in the highly sought-after, leafy north shore suburb of Chatswood, Sydney, just minutes from the Mandarin Centre and Westfield Chatswood Mall as well as a range of internationally renowned attractions and diverse dining options.
The iconic building offers a letting pool of 101 high quality one-, two- and three-bedroom ‘long-stay’ apartments in the prestigious north shore suburb of Chatswood.
– Ideal building for a start-up or experienced management couple
– ROI 18%
– Nett operating profit of $458,557 with room for growth by increasing letting pool
– Long term letting pool with 101 units in the pool. A mix of 1 bed, 2 bed and 3 bed units.
– Solid Body Corporate salary of $293,067+gst
– Real estate component of $450,000 consisting of air-conditioned office area. No residential unit to purchase
– Easy to manage/maintain property with healthy sinking fund and supportive Committee ( Owners Corporation)
– Staff wages allowed for in P&L
– No set office hours on agreement. Current office hours: Mon-Fri 8am – 6pm.
Please make contact with Charles Nurse via email or phone to receive a full information pack upon signing of confidentiality agreement.
*Note that the information provided is to the best of our knowledge and understanding based on what is available. Purchaser to carry out their own investigations and due diligence to confirm their direction on proceeding forward with an offer.