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Ref# 971188

$1,490,636

Premium Cairns Rent Roll – Profit Plus!

OVERVIEW:
Rent Roll of approximately 281 properties

RENT ROLL:
Approximately 280 residential properties & 1 shed property
Annual income from Management Fees and Rent Collection of $552,087.56
Annual income from Extra Fees and Charges of approx. $159,110.10
Average Annual Management Income (AAMI) per residential property is $1,968.99
Bentley Park, Redlynch, Smithfield and surrounding suburbs
Residential Rent Roll for sale at $1,488,557.05 or $2.70 per $1.00 income
Shed Rent Roll for sale at $2,079.35 or $2.70 per $1.00 income

BROKER’S NOTES:
Rent Rolls do not get much better than this even in blue-ribbon major city areas! For a non-major metropolitan portfolio, these numbers are first class! The business had been grown organically over a long period of time and is mega-stable. Generally speaking, the Landlord profiles in this portfolio puts some real ‘icing on the cake’! I struggle to believe that a better opportunity to secure an A Grade Rent Roll in Cairns (with all the cashflow, profitability, marketshare, sales listings potential etc) will present itself this year or next – if it does, buy it! Call Brad Jackson now for further information.


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