$1,190,827
For Sale
Glenelg Shire - A Seaside Sanctuary to Work and Grow
OVERVIEW:
Rent Roll of approximately 285 properties
RENT ROLL:
Approximately 229 Residential properties
Approximately 19 Commercial properties
Approximately 1 Shed properties
Approximately 36 Holiday properties
Annual income from Residential Management Fees and Rent Collection of $338,197.01
Annual income from Commercial Management Fees and Rent Collection of $21,981.28
Annual income from Shed Management Fees and Rent Collection of $1,670.24
Annual income from Holiday Let Fees and Rent Collection of $67,902.00
Average Annual Management Income (AAMI) per Residential property is $1,476.84
Average Annual Management Income (AAMI) per Commercial property is $,156.91
Average Annual Management Income (AAMI) per Shed is $1,670.24
Average Annual Management Income (AAMI) per Holiday Let is $1,886.17
Extra income from fees & charges $82,999.86
Residential Rent Roll: $913,131.94 or $2.70 per $1.00 income
Commercial Rent Roll: $59,349.47 or $2.70 per $1.00 income
Shed Rent Roll: $2,171.31 or $1.30 per $1.00 income
Holiday Letting: $156.174.60 or $2.30 per $1.00 income
Sales Agency: $60,000.00
TOTAL ASKING PRICE FOR RENT ROLL: $1,190,827.31
BROKER’S NOTES:
This offering presents a prime opportunity to acquire a well-established real estate agency or its profitable rent roll in coastal Glenelg Shire, Victoria. The business, built over 20 years on trust, integrity, and excellence, caters to residential, commercial, and holiday let properties, ensuring a diversified income stream. Buyers can choose to take over agency, including the office and sales operations, or just the rent roll.
The rent roll features stable residential properties, diverse commercial spaces with long-term tenants, and lucrative holiday lets, capitalising on the area’s tourist appeal. This established portfolio generates a consistent revenue stream with high occupancy rates. The business is ideal for an out-of-town operator looking for a lifestyle upgrade in a thriving community or a local real estate agency aiming to expand its market share.
Renowned for its high standards and client satisfaction, the business boasts strong community ties and experienced staff who may remain post-sale, ensuring a smooth transition. This acquisition offers significant growth potential, leveraging the business's stellar reputation to expand into new markets.
For those seeking a turnkey operation in a picturesque coastal setting, this opportunity is unmatched. Contact us for more details and a confidential discussion.
Note: This business opportunity is subject to a due diligence process and may require confidentiality agreements to access detailed financial and operational information.