BDM Sales and Leasing has been one of the most trusted property management agencies in the Albury property market for nearly 15 years.
The businesses primary focus is on Residential Property Management in Albury and surrounding suburbs. The business also undertakes Residential Real Estate sales with the majority of properties sold being investment properties, currently under management, to new landlords.
Residential property sales over the past year have averaged around 1.5 properties per month.
The Rent roll offered for sale consists of 306 Residential tenancies and 2 Commercial leases.
The business has an extremely loyal base of landlords, holding proven tenancies, that return highly market competitive management fees averaging 7.3% of rent collected plus additional service fees.
Key features of the business include :
• Properties under management 308
• Average management fee 7.3%
• Ave Monthly Management $32,429.45
• Gross annual rent collected > $5.33 million
• Vacancy rate <1%
A highly qualified and skilled property management team is keen to transition with the business.
A substantial list of quality assets will be included in the sale and the current premises is available for assignment to a new owner upon request.
The business is for sale by private treaty and interested parties are encouraged to submit a written Expression of Interest.
By any measure, the business is considered as a true “quality” rent roll and is expected to sell quickly, so register your interest today with the exclusive agent – Chris Weddall, Acquire Business Brokers. A member of the AIBB & the BBNA.