Brisbane City, Queensland

$930,000

Property Description

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

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 - $930,000 .

Property Summary

Managers Unit

Complex Information

Total Units in Complex: 0

Marketing Agent


Marketing Agency

ABS Business Sales
ABS Business Sales

Simone Simpson
ABS Business Sales

Phone

Listing Tools

This listing last updated: 24th September 2018

Property Map

Map Location ( get directions )

Brisbane City, Queensland 4000 Exact map location not provided

Similar Properties

SPRING HILL
Business For Sale - Big Earner With No Real...

$1,000,000
Net Income: $224,512
Managers Estate: - - Bed - Bath
Letting Pool: 39
Remuneration: $53,719

MR Sales
Lifestyle on the Bay
Exclusive

WYNNUM WEST
Lifestyle on the Bay

$930,000
Net Income: $95,000
Managers Estate: $470,000 3 Bed 2 Bath
Letting Pool: 40
Remuneration: $65,000

Property Bridge

STONES CORNER
Near new

$981,375
Net Income: $196,275
Managers Estate: - - Bed - Bath
Letting Pool: -
Remuneration: $77,000

RAAS Group
Near New
Exclusive

STONES CORNER
Near New

$981,375
Net Income: $196,275
Managers Estate: - - Bed - Bath
Letting Pool: 70
Remuneration: $77,000

RAAS Group
Superb Location 5 Minute Walk to CBD
Exclusive

BRISBANE CITY
Superb Location 5 Minute Walk to CBD

$1,050,000
Net Income: $181,410
Managers Estate: - - Bed - Bath
Letting Pool: 50
Remuneration: $87,500

RCA Business Brokers
Hidden in Hemmant!
Exclusive

HEMMANT
Hidden in Hemmant!

$1,010,000
Net Income: $154,000
Managers Estate: $320,000 3 Bed - Bath
Letting Pool: 72
Remuneration: $104,181

RAAS Group