VIC, MELBOURNE, EASTERN SUBURBS #424
A wonderful opportunity to purchase a Real Estate Agency & Rent Roll business with a huge visual exposure and well-presented office with parking in a busy retail area as a going concern. The territory that the office commands is support by a median house price of $550,000.00 and median rental figure of $390.00 per week. This provides a great opportunity to grow your business, develop an additional office and continue develop a rent roll.
Management Fees of $332,052.00 p.a. approx. on a fully leased basis is derived from 366 properties under management. In addition there Leasing Fees & Sundry Income available and the opportunity for future sales.