$446,175
For Sale
North QLD Regional Rent Roll
OVERVIEW:
Rent Roll of approximately 192 properties
RENT ROLL:
Approximately 135 Residential properties
Approximately 35 Commercial Properties
Approximately 23 Shed Properties
Annual income from Residential Management Fees and Rent Collection of $189,581.79
Annual income from Commercial Management Fees and Rent Collection of $42,069.30
Annual income from Shed Management Fees and Rent Collection of $2,791.09
Extra income from fees & charges $50,266.49
Average Annual Management Income (AAMI) per Residential property is $1,414,79
Average Annual Management Income (AAMI) per Commercial property is $1,201.98
Average Annual Management Income (AAMI) per Residential property is $121.35
Sales Business
Number of sales in the past 12 months: 92
Total commision received in last 12 months: $564,041
Sales Agency Price: POA
Residential Rent Roll: $379,163.34 or $2.00 per $1.00 Income
Commercial Rent Roll: $63,103.94 or $1.50 per $1.00 Income
Shed Rent Roll: $3,907.53 or $1.40 per $1.00 Income
Sales Agency: POA
TOTAL ASKING PRICE FOR RENT ROLL: $446,174.81
BROKER’S NOTES:
Rare opportunity to secure a well-established thriving Business where all the hard work has already been done. Currently the Rent Roll alone is producing over $225,000 plus the Extra Fees which are at a very desirable 26% of additional income. In addition to this the fees from the sales side have been well over $500,000. You can step right in and take over this very successful, market dominant business in the region or alternatively, absorb it into your existing business. This Region is promising with annual capital growth in property of over 9% and population growth of over 10% - the opportunities are endless. Make sure you act now so you don’t miss this Golden Opportunity!