This established rent roll comprises over 100 managements in Brisbane’s north-western suburbs, with reported annual income of $221,388.80 and an average management commission of 7.41%. It was grown organically and has long-term landlords; Property Tree is used, and a staff member may remain with the portfolio. An optional walk-in, walk-out arrangement with office space is also mentioned.
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
Approx. 100
Property mix
Not disclosed
Average weekly rent
$504
Location
Brisbane – North, QLD
Suburbs mentioned
Not disclosed
Income
Annual management income
$221,389
Other fee income
Not disclosed
Total income
Not disclosed
AAMI (per property)
$1,925
Average management fee
7.41%
Price
Price type
Multiple of income
Price
$653,098
Multiple
2.95×
GST basis
Not stated
Sale details
Status
Sold
Staff
A staff member can stay if required.
Office
Optional office space through a walk-in, walk-out sale.