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REF# 1369001

$1,006,467

REF# 1369001

For Sale


Mount Isa Agency and/or Rent Roll

OVERVIEW:
Rent Roll of approximately 280 properties

RENT ROLL:
Approximately 280 residential properties & 1 commercial property
Annual income from Management Fees and Rent Collection of $479,270.03
Extra income from fees & charges $69,506.01
Average Annual Management Income (AAMI) per Residential Property is $1,705.58

Residential Rent Roll for sale at $1,002,878.20 or $2.10 per $1.00 income
Commercial Rent Roll for sale $3,588.86 or $2.10 per $1.00 income

Asking price for Rent Roll & Agency: $1,006,467.06
Agency: $POA

BROKER’S NOTES:
Golden opportunity to secure a thriving Business in the Western city of Mt Isa. With 315 Residential Managements producing around $536,000 (AAMI $1,708+) plus the Extra Fees adding around 14.55% additional income, this Rent Roll is large enough to provide all the income to sustain this Business and make a profit. In this situation, sales become the cream on the cake! This Rent Roll would be perfect for someone looking to start their own Agency or as an ‘add on’ to an existing Agency.
During my many years in Rent Roll & Agency Brokerage, it is not often that an opportunity like this comes up in the Mt Isa area. My Seller is committed to moving on so my best advice is to move quickly to secure this Agency &/or Rent Roll before somebody else jumps in ahead of you!

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