This rent roll comprises 32 long-term residential managements across Southbank and Melbourne's inner suburbs, with many properties close to the existing office. Annual management income is $54,704 and total annual income is $64,004, with an average residential management fee of 6.63%.
Written by us from the broker's listing. Read the full listing on The Rent Roll Broker's site.
Key facts
Portfolio
Property type
Residential
Properties
32
Property mix
32 residential
Average weekly rent
$498
Location
Melbourne – Inner, VIC
Suburbs mentioned
Southbank
Income
Annual management income
$54,704
Other fee income
$9,300
Total income
$64,004
AAMI (per property)
$1,710
Average management fee
6.63%
Price
Price type
Fixed price
Price
$159,500
Multiple
2.92× (calculated: price ÷ management income)
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Not disclosed
Office
Existing office premises mentioned; inclusion not stated.
Software
Not disclosed
Reason for sale
Not disclosed
Listed
15 Apr 2024
Sold
Already sold when we first saw it
Broker reference
RRB2402
Price and status history
First seen as sold15 Oct 2026
Information summarised from The Rent Roll Broker's listing (ref RRB2402). Last checked today. Always confirm details with the broker.