OVERVIEW: Rent Roll of approximately 435 properties located in areas of the Eastern Suburbs, supported by a long established, well respected and well known Agency.
- Approximately 394 Residential properties
- Annual income from Management Fees and Rent Collection of $610,965.03
- Extra income from fees & charges $115,443.92
- Total from all income $726,408.95
- Average Annual Management Income (AAMI) per Residential Property is $1,550.67
- 80% of the Rent Roll is managed at a weekly rent of $400 or above
- Minimal multiple owners for a rent roll this size, good systems and low vacancies
- Properties are located in areas such as Wakerley, Tingalpa and Wynnum West
Rent Roll Component FOR SALE AT $3.00 per $1.00 income or $1,832,895.10
- Long established Business with a respected name
- Approximately $505,000 in commissions over the last 12 months
- 12 exclusive current listings
- Approximate average price of listing is $705,000
- Prime location with the lease expiring in mid-2019
- Plenty of storage available
Sales Business FOR SALE AT $100,000
Not only is this an outstanding opportunity to purchase an excellent business with the cashflow support of a substantial rent roll and sales team, it also includes a historical database of sellers, buyers and potential prospects.
A great sales history with this sizable rent roll makes this a very profitable opportunity. All staff are in place for continuance of business and ease of transfer to new ownership.
Buy with confidence! Enquire today!
For a confidential discussion contact Rent Roll & Agency Broker, Paul Brooks 0419 731 390, or fill out the form below: