ABS Business Sales

Business Description

An outstanding opportunity is now available for an entire real estate agency plus quality rent roll established in 1978.

Located just off the M1 at Springwood and concentrating in growth areas, this long established, professional operation has an outstanding performance - no claims to QCAT, no form 12’s issued, all rents paid on time with only 10% of rents paid in cash!

Routine inspections are carried out every quarter, and the agency has established an excellent rapport with landlords and tenants alike.

* More than 230 rentals
* 30% of these are commercial rentals located in Ipswich, Springwood and the Gold-Coast – annual fees at $2.20 per $1 received (approx. $245,000 p.a.)
* 70% of rentals are residential – predominantly in areas such as Slacks Creek, Marsden, Springwood areas – annual fees at $2.80 per $1 received (approx. $462,000 p.a.)
* 90% of residential rentals are freestanding homes
* Total income: $707,000 p.a.
* Average commission across the board is 6.95%
* Good mix of multiple owners between Commercial and residential

The office is comprised of long standing, reliable & dedicated staff who are all looking to retain their positions.

This opportunity won’t last long!!!

For more information about this excellent opportunity, please complete the Confidentiality Agreement quoting reference no: 3286
https://absbusinesssales.com.au/confidentiality-agreement

Call Broker Simone Simpson today on 0429 988 104 or email simone@absbrisbane.com