- If you’re looking for a rent roll with demonstrated loyalty and longevity, then this opportunity deserves your consideration.
- This rent roll of 168 managements has been operating for over 20 years under the current owners – even longer under previous management.
- It has a tight geographic spread, with 81% of the properties in Wynnum-Manly and the remainder in surrounding suburbs.
- There is a good sundry fee structure in place, with letting fees, lease renewal fees, and admin fees being charged.
- All management agreements have been upgraded to POA Form 6 for ease of transfer, and the agency is operating on the popular Property Me software.
- An experienced, long-term property manager is available to stay with the rent roll.
- Earning: $326,414.87 p.a.
- Avg. commission: 7.46% (excl. GST). 83% of the rent roll is managed at 7.00% or higher.
- Avg. weekly rent: $495.80.
- Avg. income per property: $1,943.01 p.a.
- Asking: a multiplier of $3.00 FIRM.
- This is a genuine sale with a Seller that is exiting the industry.
