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Sold!
Queenslands top end, rarely available
OVERVIEW:
Rent Roll of approximately 54 properties
RENT ROLL:
Approximately 40 Residential properties
Approximately 1 Commercial property
Approximately 13 Fixed Management Fee properties
Annual income from Residential Management Fees and Rent Collection of $105,173.96
Annual income from Commercial Management Fees and Rent Collection of $4,004.57
Annual Income from Fixed Management Fees and Rent Collection of $13,500.00
Extra income from fees & charges $10,050.62
Average Annual Management Income (AAMI) per residential property is $2,629.35
Average Annual Management Income (AAMI) per Commercial property is $4,004.57
Average Annual Management Income (AAMI) per Fix Management Fee property is $1,038.46
Asking price for Residential Rent Roll: $208,244.44 or $1.98 per $1.00 income
Asking price for Commercial Rent Roll: $7,929.05 or $1.98 per $1.00 income
Asking price for Fix Management Fee: $26,730.00 or $1.98 per $1.00 Income
TOTAL ASKING PRICE FOR RENT ROLL: $242,903.49
BROKER’S NOTES:
One of the largest towns within the Cape York Peninsula, you’ll find a thriving, yet relaxed
community. For sale is a long established, independent business that prides itself with its strong
reputation for delivering a quality real estate experience.
The Seller is ready to leave the industry so you’ll enjoy all the good will that goes with this portfolio. In addition, the strong AAMI delivers over $2,200 per property and the risk free tenants of RIO Tinto, QLD Ambulance, Department of Education and other Health organisations make this a safe investment. If you’re looking to grow your market share within this bustling town or set up your own real estate business, this is the perfect portfolio for you to do that with.