This Lockyer Valley portfolio comprises 203 managed properties, with annual management income of $366,213.06 and an average management fee of 7.57% excluding GST. Experienced property management staff are expected to remain, and the seller is open to negotiating a premises lease and asset transfers. The listing reports low vacancies, no arrears beyond 14 days, and no periodic tenancies or QCAT matters.
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
203
Property mix
Not disclosed
Average weekly rent
$455
Location
Ipswich, QLD
Suburbs mentioned
Not disclosed
Income
Annual management income
$366,213
Other fee income
Not disclosed
Total income
Not disclosed
AAMI (per property)
$1,804
Average management fee
7.57%
Price
Price type
Multiple of income
Price
$1,062,018
Multiple
2.9×
GST basis
Excluding GST
Sale details
Status
Sold
Staff
Experienced property management staff expected to continue