This is a fantastic opportunity to purchase a successful and profitable rent roll.
The rent roll consists of 162 properties located predominately in Gold Coast North.
With a zero vacancy rate, this is an attractive option to expand your property management presence in the Gold Coast.
Rent Roll information
- 162 properties
- Income p.a. from management fees and rent collection $246,484
- Income p.a. from additional fees and charges $35,578
- Total income $289,882 per annum
- Average annual management income [AAMI] of $1,569 per property – residential
- Average annual management income [AAMI] of $1,563 per property – commercial
- Average management fee of 6.57% – residential
- Average management fee of 7.2% – commercial
- Average residential weekly rent of $459
- Average commercial monthly rent of $1,808
Rent Roll for sale at $2.00 per $1.00 income for commercial properties and $3.25 per $1.00 income for residential properties.
Total purchase price $816,713