258-Property Rent Roll with Room to Grow

Built over 10 plus years, this well-run, established portfolio, is backed by approximately 40 years of industry experience. While the 258 portfolio is predominantly TCC/WBOP-based (241 properties), profitable footholds are already established throughout the wider area, ready for the new owner to expand their reach if desired. The hard work has already been done. The business is supported by long-term owners and investors, with several indicating further stock is still to come. Strong Google reviews, a substantial social media following, plus low rent arrears/vacancy levels.

Portfolio highlights

• 258 managed properties
• 187 property owners
• $687.71 average weekly rent
• 6.1% average management fee income
• $554,333.58 projected annualised management fees
• $75,000+ p.a. achieved in additional contractually obligated fees YoY for the last 2 years to date

Excellent potential for increasing revenue and further expansion. Room to increase Management Fees. Additional fees provide a good secondary income stream. The existing geographic footprint is ready for continued growth. Opportunities of this calibre are seldom presented. Act fast!

How are Rent Rolls Valued? 
Rent rolls and property management businesses are typically valued based on projected annualised management fee income, rather than EBITDA. This approach highlights the strong potential for capital growth, making these businesses particularly attractive to Purchasers. For further details on rent roll valuations, please contact the broker listed below.

Murray Dawson, +64 21 468 111, murray.dawson@linkbusiness.co.nz

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