$1,760,039
For Sale
Inner City Rent Roll & Agency - Company Sale
OVERVIEW:
Rent Roll of approximately 336 properties
RENT ROLL:
Approximately 227 Residential properties
Approximately 24 Commercial properties
Approximately 9 Car Parks
Approximately 6 Storage/Sheds
Approximately 7 Rooms
Approximately 63 Properties Seller/Family Owned
Annual income from Residential Management Fees and Rent Collection of $382,044.71
Annual income from Commercial Management Fees and Rent Collection of $46,497.76
Annual income from Car Park Management Fees and Rent Collection of $1,859.98
Annual income from Storage/Shed Management Fees and Rent Collection of $1,266.20
Annual income from Room Management Fees and Rent Collection of $9,490.00
Annual income from Seller/Staff owned Management Fees and Rent Collection of $51,174.18
Average Annual Management Income (AAMI) per Residential property is $1,683.02
Average Annual Management Income (AAMI) per Commercial property is $1,937.41
Average Annual Management Income (AAMI) per Room is $1,355.71
Average Annual Management Income (AAMI) per Storage/shed is $211.03
Average Annual Management Income (AAMI) per Car Park property is $206.66
Extra income from fees & charges $52,183.91
Residential Rent Roll: $1,451,769.90 or $3.80 per $1.00 income
Commercial Rent Roll: $148,792.85 or $3.20 per $1.00 income
Rooms Rent Roll: $23,725.00 or $2.50 per $1.00 income
Car Parks Rent Roll: $4,649.96 or $2.50 per $1.00 income
Storage Rent Roll: $3,165.49 or $2.50 per $1.00 income
Seller/Family Owned Properties: $127,935.44 or $2.50 per $1 Income
TOTAL ASKING PRICE FOR RENT ROLL: $1,760,038.63
OPTIONAL Sales Business: $35,000
BROKER’S NOTES:
Exceptional long term established, well managed Rent Roll Agency. Solid returns and well-priced – Company Sale. Rarely do businesses come up in this area, so here is you chance to add a quality Rent Roll, or another office in this high profile high traffic area of the Inner City Fringe.