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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.

 

Category Icon
Permanent

Property Information

LocationLogan & Brisbane
Price $930,000
Letting Pool 324
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