Located in an established and mature precinct in the northern suburbs this mature rent roll with established business is now available.
Due to the size and existing revenue this opportunity is ideal for a second agency or 2- 3 sales people to start their own practice. The portfolio is both systemised and run with great efficiency and personnel.
The rent roll of 325 properties generates annual management fees of $608,000 is split between a net and all inclusive management fee collection basis. This opportunity won’t last so make your enquiries today.
The breakdown of the two rent rolls is:
The portion of the portfolio on the Net Collection Basis features:
Annual Management Fees: $443,000 net collections
Average Monthly Fees: $37,000 net collections
Average Weekly Rental: $438 per property
Average Management Fee: 7.53% net plus ancillary fees.
The portion of the portfolio on the All Inclusive Collection Basis features:
Annual Management Fees: $165,000 gross collections
Average Monthly Fees: $13,800 gross collections
Average Weekly Rental: $440 per property
Average Management Fee: 10.63%
Asking Price of $1,495,000 plus Plant & Equipment
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