With several hundred properties under management, this is a serious South Island opportunity for someone already operating in the property management industry who wants to either extend their rent roll, or enter a new market space.
It would also suit a newcomer who could choose to immerse themselves in the business in either a business development and /or property management role to really supercharge the returns on this already seriously profitable business. Alternatively, it would suit someone who wishes to continue with a more hands-off approach overseeing the already highly successful operation.
The properties within our client's rent roll are of average and above quality with the majority being residential, however, the portfolio also contains a few high-quality student rentals and the condensed geographic distribution of the properties makes this a rather efficient and straightforward portfolio to manage. All-inclusive fees are in excess of 13% per property.
The purchase of this business will ideally be a WIWO transaction inclusive of plant and equipment, however, our clients are open to a Rent Roll sale on favorable transaction terms to them. Training is also an option for a purchaser new to the industry.
A preliminary prospectus will only be provided to qualified buyers upon signing a Confidentiality Agreement and meeting with an ABC representative.
Enquiry from $800,000