Rent Roll 300 + Property Management Agency All residential
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This is a valuable opportunity to obtain a large Property Management Agency with over 300 residential properties north of Brisbane.
Established over 20 years and first time offered for sale.
It is not often you find a large superbly run and very profitable property management portfolio as a standalone business.
* Portfolio is 300 to 340 properties, all residential.
* Management fee income is $518,000
* Average commission rate 7.78%
* Fully equipped office on high visibility site with lease to 2020
* Estimated maintainable gross income is $569,000
* Experienced and professional staff working specific roles
* One full time working owner / manager.
For further information call Scott on 0412 247 369