This Brisbane bayside rent roll comprises 168 managements, with 81% located in Wynnum-Manly and the balance in surrounding suburbs. It reports annual earnings of $326,414.87 and an average commission of 7.46% excluding GST. The current owners have operated the portfolio for more than 20 years, and an experienced property manager is available to remain.
Written by us from the broker's listing. Read the full listing on QLD Rent Roll Brokers' site.
Key facts
Portfolio
Property type
Residential
Properties
168
Property mix
Not disclosed
Average weekly rent
$496
Location
Brisbane – East, QLD
Suburbs mentioned
Wynnum, Manly
Income
Annual management income
$326,415
Other fee income
Not disclosed
Total income
Not disclosed
AAMI (per property)
$1,943
Average management fee
7.46%
Price
Price type
Multiple of income
Price
$979,245
Multiple
3×
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Experienced, long-term property manager available to stay