Position Now For The Future
For sale is a standalone (no property sales division) residential property management business located in a regional Gippsland town with an established brand and local reputation.
This Gippsland based business is likely to benefit from the recent announcement that the Victorian RAAF base at East Sale will become the new home of basic pilot training for the Australian Defence Forces from 2019. A spokesman for the Real Estate Institute of Victoria indicated that “there may well be a number of people buying into the market in the next 12 months which is great news for the local economy” and “will change the local market quite drastically over the next two years as more people come in, more people need housing and the housing is very tight”.
The business has demonstrated strong growth over the last 2 years, with gross management fees on track to exceed $170,000pa for this financial year. The income stream is now large enough to support a management team consisting of a proprietor and 2 full time support.
Changes in personal circumstances are the reason for sale. This is a great “bolt-on” opportunity for an existing real estate agency looking forward to the growth in the region or a running start for an individual seeking to own and operate their own real estate agency/property management business.
Now asking: $320,000
The post Residential Rent Roll For Sale (Regional VIC) appeared first on AIBB Sales Latest Business Listings.
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