City of Rockingham, WA
Rent Roll
This rent roll has been nurtured by the current owners, who have built a strong reputation for quality management and client relationships. As they transition from residential and commercial property management towards retirement, this presents an excellent opportunity for the right buyer.
We are seeking expressions of interest from businesses looking to acquire a high-yielding, well-managed, and tightly concentrated portfolio. This acquisition offers an immediate foothold or expansion opportunity into the City of Rockingham, providing strong recurring revenue and a seamless transition for the incoming owner
In Short: Tender closing 5pm on the 9th of April 2025.
(REF #1492)
Portfolio highlights
Net Residential Managements
| Total Annual Management Fees | $291,101 |
| Number of Managements | 151 |
| Average Weekly Rental Value | $466 |
| Average Management Fee | 7.92% |
| Average Annual Management Income per Property | $1,928 |
Commercial Managements.
| Total Annual Management Fees | $266,926 |
| Number of Managements | 63 properties | 110 tenancies |
| Average Monthly Rental Value per | $5,595 property | $3,204 tenancy |
| Average Management Fee per | 6.51% property | 6.46% tenancy |
| Average Annual Management Income per | $4,237 property | $2,427 tenancy |
| Price | $1,607,000 |
| Net Residential Multiplier | $3.00 |
| Commercial Multiplier | $2.75 |
Listing Enquiry
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Disclaimer: All prices are net of GST unless otherwise specified. This information is provided for general purposes only and is based on information provided by the Seller and may be subject to change. No warranty or representation is made as to its accuracy and interested parties should place no reliance on it and should make their own independent enquiries.