Residential Rent Roll (In Liquidation) (GLRR091)
UNDER OFFER
Owned by current owner/s since November 2022 the portfolio has grown organically
Total of 177 residential properties under Management consisting of 4 apartments, 19 flats, 72 houses, 15 townhouses and 67 units
The average weekly rent is $559.32
The average management commission percentage is 7.19%
The Average annual management income is $2,080.08
Annual Projected Management Income is $368,174.80
Current Vacancy Rate is 3.4%
Total number of outstanding maintenance items is 95
5.00% of the Rent Roll is on Periodic Tenancy
The ideal business investment is one that gives you the security of low-risk exposure through consistent revenue generation and reliable profitability regardless of the financial climate.
Property management has demonstrated an enviable resilience and stability rarely found in business these days.
The portfolio is 96.6% tenanted with negligible arrears and boasts an impressive average management commission of 7.19%.
The asking price represents a multiple of 3.0 times which ticks all the boxes for an outstanding investment:
Strong sales team achieving impressive results and independent of the principals
Consistent and reliable rent roll with immediate capacity for growth
Demonstrated resilience to major economic factors
Stable and reliable profitability
Well situated locations with ample capacity to sustain growth
For further information please contact Gary Lay on 0407 526 431 or 03 9888 6488 or email
Gary Lay
