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Property Management large Residential Rent Roll

  • ID Ref SBB183
  • Suburb Redcliffe
  • State QLD
  • Status For Sale
  • Property Management  large Residential Rent Roll

Business Description

This 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

Managers Unit

    Financial Snapshot

      Complex Information

      • Total Letting Pool: 1

      Your Business Broker

      Scott O'Connor

      Business Location

      Redcliffe, Queensland 4020