Rent roll for sale in Sydney – Eastern Suburbs, NSW
275 properties
$615k p.a.
4.67% fee
Residential rent roll · AAMI $2,238
Summary
This Sydney rent roll comprises 275 properties, including 248 residential and 27 commercial managements, across the inner city, eastern suburbs and surrounding areas. Annual management income is $615,487.94 excluding GST, with a further $115,927.27 in letting, tenancy and sundry fees. Most tenancies are on fixed-term leases, and the sale includes shares in untraded companies held within the portfolios.
Written by us from the broker's listing. Read the full listing on MC Rent Roll Broking's site.
Key facts
Portfolio
Property type
Residential
Properties
275
Property mix
248 residential, 27 commercial
Average weekly rent
$858
Location
Sydney – Eastern Suburbs, NSW
Suburbs mentioned
Randwick, Darlinghurst, Coogee, Parramatta
Income
Annual management income
$615,488
Other fee income
$115,927
Total income
$731,415
AAMI (per property)
$2,238
Average management fee
4.67%
Price
Price type
Not disclosed
Price
Not disclosed
Multiple
Not disclosed
GST basis
Excluding GST
Sale details
Status
For sale
Staff
Not disclosed
Office
Not disclosed
Software
Not disclosed
Reason for sale
The principal is exiting property management as part of a succession strategy.