$487,530
For Sale
Rural North West Qld - Rent Roll & Agency
OVERVIEW:
Rent Roll of approximately 273 properties
RENT ROLL:
Approximately 244 Residential properties
Approximately 3 Commercial properties
Approximately 26 Shed properties
Annual income from Management Fees and Rent Collection of $412,036.56
Extra income from fees & charges $80,110.65
Average Annual Management Income (AAMI) per Residential property is $1,661.33
Average Annual Management Income (AAMI) per Commercial property is $1,428.71
Average Annual Management Income (AAMI) per Shed property is $91.77
Agency Value $15,000
Number of sales in the past 12 months: 26
Total Commission received in the last 12 months: $179,516
Number of current listings: 23
Total Value of listings: $6,486,000
Residential Rent roll: $466,169.01 or $1.15 per $1.00 Income
Commercial Rent roll: $4,929.06 or $1.15 per $1.00 Income
Shed Rent roll: $1,431.63 or $0.60 per $1.00 Income
Agency: $15,000
TOTAL ASKING PRICE FOR RENT ROLL: $487,529.71
BROKER’S NOTES:
Looking for a lucrative rural opportunity? The ROI in this rent roll is an opportunity not to be missed!
Featuring a whopping 20% additional income in extra fees and a fantastic balance of local suburbs, this is the perfect portfolio to establish your business or expand in this rural marketplace.
With a population of approximately 20,000, this thriving far-western Queensland town offers fantastic investment potential. With low vacancy rates, the demand for rental properties is strong, leading to steady returns. As one of North Queensland's key towns benefiting from the $5 Billion Copper String initiative, the region is set to experience long-term growth, further enhancing its appeal to investors. This portfolio presents a fantastic opportunity to reap rewards from a promising market.