p: 617 3368 4010 e: reception@absbrisbane.com a: Level 1 Unit 3 25 Railway Terrace, Milton, Qld Australia 4064

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Rent Roll and Agency Western Suburbs Business For Sale Ref #3630


  • Rent Roll and Agency Western Suburbs Business For Sale Ref #3630

Business Description

This outstanding efficient office is located in a wonderful family atmosphere and only a 19-kilometre commute to the City, which is situated in a beautiful master planned community which is set amongst beautiful bush settings, schools, shopping centres and close to major arterial highways and growth pocket developments.

This office is the preferred agency for a number of profile developer/developments currently completed, under construction or planned for the future.

About the Rent Roll

This is a very well run business with efficient and proven processes and procedures. The portfolio has good averages and extra fee income.

The rent roll business is extremely efficient and works off a strict application process system (three step approval process), this ensures minimal disputes.

Approximately 191 Residential properties
Annual income from Management Fees and Rent Collection of $305,581
Extra income from fees & charges $32,616.50
Total from all income $358,197.50
Average Annual Management Income (AAMI) per Residential Property is $370.00
70% of the Rent Roll is managed at 6.5% or higher
Low vacancies and arrears, the majority of management are houses
Properties are located across Western Brisbane’s in such areas as Ipswich, Springfield - Lakes, Plainland, Redbank Plains, Leichardt, Bellbird Park, Brassals, Yamanto.
Low multi owners

The Real-Estate Office

This business is a must view for those looking at incorporating rent roll and sales office. Currently the office is settling approximately 10 sales per annum (average sale $400,000) with a mix of sales being generated by the rent roll business, referrals and walk in’s

Key reliable team,
Open plan office
Current programs 100% cloud based
4 sign written cars that can be an extra to the purchase.

Sellers are moving overseas to be closer to family and looking for a new venture and opportunities, after successfully building this business from inception.

Business would suit buyers new into industry given its written systems and procedures or as an ad on and those looking to grow into one of the fastest growing communities and growth pockets in Sth East QLD

Asking $2.80 per dollar - $795,000

Business Features / Snapshot

Price: $795,000Trial: no

Managers Unit

    Financial Snapshot

      Complex Information

      • Total Letting Pool: 1

      Your Business Broker

      Simone Simpson

      Business Location

      Brisbane City, Queensland 4000