- Property Type: Business / Professional Services
About this listing
A successful property management company managing 85 residential properties and 12 boarding rooms is up for grab. It is fully managed by one full time manager with one part time assistant. Minimum efforts are required from the owner. Option is available if the new owner wishes to become an operating owner.
All properties/ rooms under management are in popular zones such as Riccarton, Halswell, Wigram, Ilam and Burnside etc. with good tenants. Steady income stream from the 7% management fee of rents received and other administrative charges such as credit checks, inspection checks etc. No reliance on any single owner, business risk is very low.
This exciting business offers returns of close to $ 70,000 p/a by fully managed or over $110,000 if fully operated by owner with huge growing potentials.