Business DescriptionThis is a unique opportunity to obtain a large dominate Property Management Agency with residential properties from Caboolture to Redcliffe.
Established over 20 years, one owner, built on professionalism and the first time offered for sale.
It is not often you find a fully resourced and very profitable property management portfolio as a standalone business with an experienced team in place and expect a smooth transition of ownership.
• Portfolio is 300 to 340 properties, all residential.
• Management fee income is $518,000
• Average commission rate 7.78%
• Current arrears rate 0.16%
• Fully equipped office on high visibility site with lease to 2020
• Estimated maintainable gross income is $569,000
• Experienced and professional staff working specific roles
• One full time working owner / manager.
Further information: Phone 0412 247 369 Scott O’Connor
Business Features / Snapshot
- Total Letting Pool: 1