$905,804
For Sale
Southern Tablelands Opportunity
OVERVIEW:
Rent Roll of approximately 131 properties
RENT ROLL:
Approximately 127 Residential properties
Approximately 4 Commercial properties
Annual income from Management Fees and Rent Collection of $269,631.53
Extra income from fees & charges $53,569.78
Average Annual Management Income (AAMI) per Residential property is $2,092.66
Office & Agency located in Yass
51 Sales in the past 12 months
$653,080.00 commission received in the past 12 months
$13,722,000.00 value in current listings
Rent Roll: $855,804.05 or $3.00 per $1.00 Income
Agency Value: $50,000
TOTAL ASKING PRICE FOR RENT ROLL: $905,804.05
BROKER’S NOTES:
This Southern Tablelands Rent Roll and Sales Business is a well-rounded opportunity with a solid mix of residential, commercial, and sales income. The Rent Roll has 127 residential properties plus 4 commercial properties under management.
The residential portfolio has an average fee of 7.88% (ex GST) and a very strong $2,092.66 AAMI per property. In the past 12 months, it collected $265,768.36 in management fees, plus $53,569.78 in other revenue. The sales side is a solid performer, with commissions of $653,080.00 received in the last 12 months. We’ve attributed $50,000 goodwill to the Sales Business to reflect its reputation and proven results.
All up, this business represents a strong opportunity to secure a diversified Southern Tablelands real estate business with recurring Rent Roll income and high-margin sales turnover.
