Small but Sweet – Rent Roll 21 Managements
The seller of this rent roll contributes about 10 hours a week to managing this niche rent roll. The properties are predominately located in the South of Canberra, and there is an even split between houses and units.
Investing between 5-10 hours a week and using cloud-based systems and running from a home office the rent roll has been a lucrative little earner for this part-time real estate agent.
New work and life opportunities require the sale of this rent roll asset. To enable a sale as a going concern, you will also get the trading name and website.
Ideally, you're a buyer that doesn't require bank finance and can move quickly.
The seller is prepared to sign a non-approach and exclusion provision, and there is no intention of re-entering the industry so it should be a clear and clean sale.
Smaller agencies or solo agents are encouraged to enquire. It's not a large rent roll by anymeans, but it does provide a revenue base from which to grow a sizable portfolio.
The rent roll has annualised management revenue of $33,504 (ex GST). With an average fee of 6.61% (ex GST) or nearly mid 7's if you include GST. Based recent market sale of 3 times net revenue market value is a touch under $100,000.
If you are planning on breaking out on your own, or want to upgrade your business asset base, this is an excellent way to start.
As confidentiality is critical for both buyer, we first ask interested parties to complete this online assessment: https://www.surveymonkey.com/r/21managmentsACT. If we feel this will be a fit that will work we will send through the deed of confidentiality and once completed we will email the rent roll summary information.
To express your interest and receive our full Business Information Package (BIP), please email - with your full name, contact number and stating that you would like to receive further information about this business. We will then email you the deed of confidentiality, which once completed will enable us to email you the BIP and supporting documents.
Thank you on behalf of the team at Capital Commercial Business Sales.