Whether you are looking to dominate on the North side of Brisbane by adding to your existing rent roll or start your own PM business, this one will certainly tick the boxes.
Great opportunity to secure a large and well established rent roll in our future Olympic City of Brisbane.
Just image adding $800,000+ to your cashflow and it comes with staff, so it’s ready to just plug you in as the new owner.
Rent Roll information
- 610 residential properties
- 5 commercial properties
- 56% of rent roll located in top 3 suburbs
- Income p.a. from management fees and rent collection $832,300.83
- Income p.a. from additional fees and charges $119,996.00
- Total income $952,296.83 per annum
- Average annual management income (AAMI) of $1,353.11 property (residential)
- Average management fee of 6.46% (residential)
- Average weekly rent of $401.16 (residential)
- Average annual management income (AAMI) of $1,380.34 property (commercial)
- Average management fee of 6.4% (commercial)
- Average monthly rent of $1,854.67 (commercial)
Rent Roll for sale at $2.40 per $1.00 income – residential
Rent Roll for sale at $2.00 per $1.00 income – commercial
Total purchase price $1,994,762