Strategic Residential Investment Portfolio

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(GMO Ref. 6040)

Outstanding opportunity to secure a very strategic residential property holding representing prime redevelopment opportunities.


The properties are initially offered for sale as a going concern as one package. The sale includes the onsite business which currently operates by letting the apartments on a short and long-term basis.

These strategic riverside located properties have been accumulated over the past 23 years and are now offered to the market for the first time as one parcel.
In the main, the 54 apartments are leased to long-term tenants with some of the more desirable apartments being available for short-term “serviced” occupation.
The opportunity exists to improve on the business model by more energetic management as the owners are in retirement mode.


**UPDATE: Certain aspects of this portfolio have now been sold, with others remaining available. Contact Richard Marr for information on pricing and availability**

Contact Richard today for more information
0411 721 878 ¦


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Richard Marr

Richard can provide current business assessments across a wide category of classes and is always willing to discuss marketing strategies to best suit the opportunities to achieve the best possible price. Since commencing business sales with GMO Richard has been involved in sales and consultancy for businesses with EBITDA's up to $10m pa. Sales have been quite varied ranging from large Supermarkets to Industrial, commercial, retail and those within the hospitality industry such as hotels, motel s and liquor stores. Richard was a licensed valuer for over 35 years and has been a director of a number of publicly listed ASX and private companies and has a wealth of commercial experience in the property, mining and business community. Richard has lectured at Curtin University on business valuations, sales and specific licensed premises. Richard has been actively involved in the valuation and sale of licensed premises (having owned two Perth hotels) as well as other hospitality and varied commercial and industrial businesses. His experience in both government Departments and the commercial field over many years in NSW and WA have given him a broad-based business network.

Richards 's Recent Sales Success:
  • SOLD: Freehold Accommodation - $1,200,000
  • SOLD: Cafe - $250,000
  • SOLD: Manufacture/Supply (Furniture) - $600,000
  • SOLD: Cafe/Catering - $300,000

Contact Richard today: