Eastern Suburbs Agency – Company Sale

Brokers Description:

A grade rent roll – high end properties in good locations and premium rents, excellent additional fees from lettings, well managed, active Director with 20+ year Property Management background, 6% vacancy rate.

Perfect addition for agents wanting to expand their portfolio in the Eastern Suburbs region or agents seeking to diversify into the Eastern Suburbs market.

Areas include:

Surry Hills, Maroubra, Coogee, Woollahra, Woolloomooloo, Potts Point, Elizabeth Bay, Watsons Bay, Randwick, Bondi Beach, Paddington, Double Bay.

Overview

  • Approximately 165 Properties – 164 Residential Portfolio, 1 Commercial Property
  • Predominantly Eastern Suburbs, Inner City & Inner West Rent Roll
  • Net Income from Management Fees: $346,305.27
  • Additional Income: $121,025.97
  • Average Income per Property: $2,098.82
  • Average Management Fee: 4.91% ex GST
  • Software: PropertyMe

Areas by Region:

Eastern Suburbs 60%, Inner City 23%, Inner West 7%, Other 10%

Owner to Property Ratio:

89% of Owners Own Single Properties

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Agent: Jane Morgan

0404 288 821
enquiries@rentrollangels.com.au

2020-02-12T03:19:26+00:00