OVERVIEW: Rent Roll of approximately 220 properties & 51 managements located in areas close to the office.
- Approximately 136 Residential, plus 16 Commercial and 65 Holiday properties, with 51 Strata Lots
- Annual income from Management Fees and Rent Collection of $251,973.58
- Annual income from Management Fees and Strata Levy Collection of $113,302.91
- Extra income from fees & charges $34,903.50
- Extra income from fees & charges on Strata + Insurance Commission $31,770.00
- Total from all income $431,949.99
- Average Annual Management Income (AAMI) per Residential Property is $1,176.86
- Average Annual Management Income (AAMI) per Lot is $2,221.63
- 62.5% of the Residential and Commercial Rent Roll is managed at 7.0% or higher
- Minimal multiple owners, good systems and staff
- Majority of the properties and Managements close to the office
Rent Roll Component FOR SALE AT:
Residential – $2.70 per $1.00 income or $432,143.86
Commercial – $2.20 per $1.00 income or $18,362.89
Holiday – $2.20 per $1.00 income or $183,861.77
Strata – $2.50 per $1.00 income or $283,257.28
TOTAL – $917,625.80
- Established over 31 years ago
- Approximately $515,000 in commissions over the last 12 months
- Lease expiring 2018 with options 3 years
Sales Business FOR SALE AT $50,000
(Not being offered separately – whole Business for sale)
Exceptional opportunity to own this profitable Residential & Holiday Rent Roll, Strata Business with a whole Real Estate Agency.
Well managed, easy management practices with the staff to continue and grow are in place, in this developing lifestyle picturesque area.
Good extra fees and charges and insurance commissions, with sensible management fees all add to the appeal and profitability of this Beachside Real Estate Business.
Licensee will continue after purchase if required.
Buy with confidence.
For a confidential discussion contact Rent Roll & Agency Broker, Roger Miles, 0417 766 602, or fill out the form below: