Logan City Rent Roll
RENT ROLL WITH A $435,566 INCOME
A Sensational 2.3 Multiplier!
Gross Commissions: $435,566
A 324 property rent roll, being all permanent lets, with 71% within the same post code as the office. An average income before any letting fees and sundry charges of $1,344 per property per annum. An average commission charge of 8.15% + GST. Standard Letting Fees, i.e. one weeks rent + GST for a new tenancy and $55 inc GST for a rollover tenancy. The current vacancy rate is under the area average and at 2.25%. Very little arrears at 1.5%.
All in all, this adds up to a good solid business that will provide you an exceptional 42% return on your investment, starting with your first end of month! Safe, secure and highly rewarding for the right operator.
If this was a management rights, the multiplier would be 5.75 times!!
Here are some of the more pertinent details…
| Multiplier: | 2.3 |
| Letting Pool: | 324 |
| Average Commission: | 7.56% + GST. |
| Letting Fees: | One weeks rent and ½ weeks rent +GST. |
| Vacancy Rate: | 2.25% |
| Arrears: | 1.5% |
| Office Hours: | Your Choice |
Broker:
Call Greg Jorgensen on 0407 721 335 to discuss and to arrange an inspection of this excellent opportunity.
