$1,361,496
Under Contract
Mid North Coast Agency & Rent Roll WIWO
OVERVIEW:
Rent Roll of approximately 287 properties
RENT ROLL:
Approximately 247 residential properties & 16 commercial properties
Annual income from Management Fees and Rent Collection of $444,533.66
Extra income from fees & charges $32,390.00
Average Annual Management Income (AAMI) per Residential Property is $1,707.24
Residential Rent Roll for sale at $1,138,560.95 or $2.70 per $1.00 income
Commercial Rent Roll for sale at $50,257.72 or $2.20 per $1.00 income
Approximately 24 holiday properties
Annual income from Management Fees of $78,489.73
Extra income from fees & charges $58,958.60
Average Annual Management Income (AAMI) per Holiday Property is $3,270.41
Holiday Rent Roll for sale $172,677.42 or $2.20 per $1.00 income
AGENCY:
Over $494,000.00 commission received last 12 months
Approx. $14,447,000.00 value in current listings
Rent per month $1,980.00
Office size approx. 110sqm
Asking price for Rent Roll & Agency: $1,361,496.09
BROKER’S NOTES:
Long Established business in this Beachside popular tourist area of the Mid North Coast, handy to an East Coast Major City. Fully staffed and ready for a new owner on a Walk In Walk Out basis.
Good management fees, above average for Residential, and diversified with a high-income Holiday Rent Roll, good extra fees all round. Perfect for owner Operator wanting that Seaside Change, or additional business to existing office. Priced to sell.