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Hobart Portfolio with a retiring Seller
OVERVIEW:
Rent Roll of approximately 102 properties
RENT ROLL:
Approximately 77 Residential properties
Approximately 21 Rooming properties
Approximately 4 Commercial properties
Annual income from Management Fees and Rent Collection of $141,232.25
Extra income from fees & charges $66,275.00
Average Annual Management Income (AAMI) per Residential property is $1,425.60
Average Annual Management Income (AAMI) per Rooming Property is $937.08
Average Annual Management Income (AAMI) per Commercial property is $2,968.26
TOTAL ASKING PRICE FOR RENT ROLL: $395,705.09 or $2.80 per $1.00 Income
BROKER’S NOTES:
A rare opportunity to acquire a profitable, diversified rent roll in Australia's tightest rental market.
This well-established Hobart property management business offers approximately 100 carefully maintained managements generating over $200,000 in annual income. What makes this particularly attractive is the immediate cash flow combined with the strategic advantage of operating in Tasmania's capital, where vacancy rates consistently remain among Australia's lowest.
Portfolio composition and revenue streams: The rent roll is thoughtfully diversified across 77 residential properties, 21 rooming accommodations, and 4 commercial assets. This mix provides natural risk mitigation while capturing different market segments. Beyond the solid base management fees, the business generates approximately $65,000 annually from letting, lease renewal, and advertising services – these value-add streams demonstrate both operational depth and genuine profit margins.
Market positioning advantages: Hobart's rental market fundamentals are exceptionally strong. The city's tight supply-demand dynamics mean property management services are genuinely in demand, not just competing on price. This creates a stable operating environment where quality service commands fair fees and tenant placement is typically swift.
Operational strengths: The business comes with established systems that have been refined over time, competitive fee structures that protect margins, and proven processes for the various income streams. Rather than starting from scratch, you're acquiring a business that already understands how to operate profitably in this market.
Strategic fit: This portfolio offers existing property managers a genuine scale opportunity, while investors gain immediate access to a cash-flowing business in a market with strong fundamentals. The combination of immediate income, diversified assets, and Hobart's favorable market conditions creates a compelling investment thesis.
For those serious about property management in Tasmania, this represents a rare chance to acquire an established business with proven income streams and significant potential for further growth