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Greater Brisbane to Logan Rent Roll
OVERVIEW:
Rent Roll of Approx. 97 properties
Annual Management Income from Management Fees & Rent Collection: $210,190.31
Extra income from fees & charges $30,720
Average Annual Management Income (AAMI) per Residential Property is $2,166.91
Forest Lakes, Logan Reserve with Brisbane South Eastern & Western suburbs.
Residential Rent Roll for sale at $609,551.90 or $2.90 per $1.00 income
AGENCY:
$220,000.00 commission received last 12 months
$1,338,000.00 value in current listings
Office size 73sqm
$29,200 Per Annum + Outgoings & GST
CPI Annual Increases
3 year lease with 3 year option
Agency for sale at $25,000.00
Asking price for Rent Roll & Agency: $634,551.90
BROKER’S NOTES:
Brilliant opportunity to step in to ownership of an Agency in the desirable Brisbane/Logan & Ipswich Corridor area. Alternatively, my Seller is open to selling the whole Business or just the Rent Roll. All the hard work has been done by the owner and it is now time to step out and allow someone else to take the reins.
With an impressive AAMI of just under $2,167 coupled with the solid Extra Fees you are looking at a Business generating some ultra-nice cashflow! The income from Commission plus the Extra Fees (last 12 months) totals a tidy gross income of $460,910.31. Principally run as a Property Management business there is certainly the opportunity to value add by building a productive sales team. Having been operating for around 12 years there is also some solid goodwill built into this successful Business.
There is also the potential availability of highly competent staff if desirable.
My advice is to get in quickly to secure this impressive Rent Roll/Agency.