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Management Rights business for sale in West Melbourne

  • Management Rights
  • West Melbourne VIC 3003
  • Expressions of Interest

Defining the new West Melbourne - Off The Plan Management Rights | Resort Brokers ID : OTP006086

Presenting the management rights and associated real estate to "The Marker", an elegant, mid-rise development occupying a prominent corner position on Spencer, Stanley and Roden Streets in West Melbourne.

Boasting 195 apartments, designed above integrated retail at street level, these two prestigious eight-storey buildings comprise a blend of one, two and three bedroom apartments and are well-suited to both permanent and short-term occupation.
The Marker has an anticipated 70% investor profile. Income projections have been prepared by Holmans indicating a net profit over $1.145m (based on 85 short-term, 55 permanent and 55 owner occupiers). 

- Two buildings with 145 apartments in Spencer/Stanley St buildings and 50 in Roden St
- Consists of 84 x 1 bed, 101 x 2 bed/2 bath and 10 x 3 bed totalling 195 apartments
- Projected 70% investor profile based on sales to date
- $200,000 Body Corporate Salary and projected net profit circa. $1.145 million
- Strong sales with many letting appointments secured at point of sale - due for completion Q1 2021
- Designated 87sqm freehold operating space adjoining main foyer plus cleaning and storage rooms
- Secured Aldi tenancy and three additional retail lots for F&B and speciality shops
- Facilities - garden courtyard, residents lounge with kitchenette, dining area, conference & meeting rooms
- Ideally placed between the energetic CBD and vibrant Docklands for short-term and permanent occupation
- Superb inter-city connectivity with tram stop located on Spencer St

EXPRESSIONS OF INTEREST CLOSE 5PM AEST FRIDAY 28TH FEBRUARY 2020
NB. All inspections by appointment only

Business Highlights

Business ID2015876739
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Last updated  13 Nov 2019
Map for West Melbourne VIC 3003
Map for West Melbourne VIC 3003West Melbourne VIC 3003
Resort Brokers Australia Pty Ltd
362 Montague Rd West End QLD 4101
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