Management Fees of $187,134 p.a. approx on a fully leased basis is derived from 189 residential properties. In addition there are Leasing Fees of $49,000 pa approx. The sales commission for the past calendar year was $130,000 approx.
The office is located in modern commercial premises in the thriving retail shopping centre of one of Melbourne's most established municipalities. The business has a strong history of trading in the area and has been in the same ownership for many years. A unique opportunity to acquire a well respected business, operating as an independent brand. The vendor would prefer to sell on a WIWO basis but would consider all offers.