$971,091
For Sale
Darling Downs - West of Toowoomba Agency &/or Rent Roll
OVERVIEW:
Rent Roll of approximately 249 properties
RENT ROLL:
Approximately 238 Residential properties
Approximately 7 Commercial properties
Approximately 4 Rooming Accommodation
Annual income from Management Fees and Rent Collection of $396,339.10
Extra income from fees & charges $48,583.29
Average Annual Management Income (AAMI) per Residential property is $1,602.25
Average Annual Management Income (AAMI) per Commercial property is $1,847.34
Average Annual Management Income (AAMI) per Rooming property is $518.17
Office Lease Available
86 settled sales in the past 12 months
$828,334 commission received in the past 12 months
Residential Rent Roll: $915,204.14 or $2.40 per $1.00 Income
Commercial Rent Roll: $27,155.87 or $2.10 per $1.00 Income
Rooming Rent Roll: $3,730.82 or $1.80 per $1.00 Income
Agency: $25,000
TOTAL ASKING PRICE FOR RENT ROLL: $971,090.83
BROKER’S NOTES:
You will certainly be backing a winner in taking ownership of this solid, well managed Agency and Rent Roll.
With an average Commission for the Residential Managements of 7.37% your business can reap the benefits of an income of almost $400,000 just from the Commissions. Add to this the impressive level of Extra Fees which, over the last 12 months, generated an additional $48,500 (that’s an additional income of 12.74%) and you have some very solid cashflow streaming into your business. But wait, there’s more:
Add in the Sales Commissions which, over the previous 12-month period, generated close to $890,000 and you have what can only be classified as a rock-solid business.
Move quickly and take the steps necessary to build your future prosperity today.