This Redlands portfolio comprises 366 managements serving more than 300 landlords across eight named suburbs. Reported annual management income is $662,122.96, with an average commission of 7.06% excluding GST. All agreements use POA Form 6, and experienced property managers are willing to remain with the portfolio.
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
366
Property mix
Not disclosed
Average weekly rent
$492
Location
Brisbane – East, QLD
Suburbs mentioned
Alexandra Hills, Birkdale, Capalaba, Cleveland, Redland Bay, Thorneside, Thornlands, Victoria Point
Income
Annual management income
$662,123
Other fee income
Not disclosed
Total income
Not disclosed
AAMI (per property)
$1,809
Average management fee
7.06%
Price
Price type
Multiple of income
Price
$1,986,369
Multiple
3×
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Experienced property managers willing to stay with the rent roll.
Office
Premises and plant and equipment available by negotiation.