Inner Northern Suburbs, WA
Rent Roll / Business
The business is large and high-profile, predominantly servicing the inner northern suburbs of Perth. The Directors have built a phenomenal business and an exceptional team with a great culture. The directors wish to transition out of business ownership however, they are willing to stay on in a sales capacity should it be to the preference of the buyer. We are sourcing expressions of interest from businesses interested in acquiring a high yielding, tightly concentrated, and well managed portfolio to extend their footprint into the inner northern suburbs of Perth or as a stand-alone, masthead location.
In short: Tender closes at 5pm on the 8th October 2024.
(REF #1456)
Portfolio highlights
Residential Managements.
| Annual Management Fees | $1,215,106 |
| Number of Managements | 516 |
| Average Annual Management Income per Property | $2,355 |
| Average Weekly Rent | $589 |
| Average Management Fee | 7.66% |
Commercial Managements.
| Total Annual Management Fees | $68,751 |
| Number of Properties / Tenancies | 11 / 13 |
| AAMI per Property / Tenancy | $6,250 / $5,289 |
| Average Monthly Rental Value per Property / Tenancy | $10,514 / $8,896 |
| Average Management Fee per Property / Tenancy | 6.00% / 6.16% |
| Price | $4,563,463 |
| Net Residential Multiplier | $3.60 |
| Hybrid Residential Multiplier | $3.20 |
| All-Inclusive Residential Multiplier | $3.00 |
| Commercial Multiplier | $3.20 |
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.