Management fees of $643,000 approx p.a. are derived from 475 commercial and 48 residential properties. Additional letting fees, valuation fees and recoveries of $194,800 approx p.a.
The sale of this office represents an opportunity to acquire a substantial commercial and residential rent roll with a strong market share. This business is an established agency with a strong history. The large rent roll will allow the purchaser to continue to build the sales division based on the cash flow from the rent roll.