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Gladstone Region Agency & Rent Roll
OVERVIEW:
Rent Roll of approximately 638 properties
RENT ROLL:
Approximately 465 Residential properties
Approximately 39 Commercial properties
Approximately 134 Sheds
Annual income from Residential Management Fees and Rent Collection of $709,878.81
Annual income from Commercial Management Fees and Rent Collection of $111,474.68
Annual income from Shed Management Fees and Rent Collection of $24,995.76
Average Annual Management Income (AAMI) per Residential property is $1,526.62
Average Annual Management Income (AAMI) per Commercial property is $2,858.33
Average Annual Management Income (AAMI) per Shed is $186.54
Extra income from fees & charges $124,911.16
Residential Rent Roll: $1,703,709.15 or $2.40 per $1.00 income
Commercial Rent Roll: $189,506.95 or $1.70 per $1.00 income
Shed Rent Roll: $24,995.76 or $1.00 per $1.00 income
Sales Agency: $50,000
TOTAL ASKING PRICE FOR RENT ROLL & AGENCY: $1,968,211.86
BROKER’S NOTES:
Rare opportunity to secure a well-established thriving Business where all the hard work has already been done. Currently the Rent Roll alone is producing over $970,000 plus the Extra Fees which over the last 12 months added around $124,900+ additional income. In addition to this the fees from the sales side have been well over $1,500,000. Assuming the Business is run efficiently, the Rent Roll is large enough to provide all the income needed to sustain this Business. In this situation, sales would be the cream on the cake! Act NOW to ensure you don’t miss out on this golden opportunity.
