Rental management business, with $140K annual revenue. It's not often these types of portfolios come along, with relatively new, good quality properties, great tenants, and great landlords.
Hamilton and the Waikato region remains economically sound, with steady population growth. Based on diverse sectors, regional roading infrastructure, relatively affordable housing, quality education, great sporting facilities, lifestyle amenities, and triangular proximity to Auckland and Tauranga.
The Waikato region has approximately 130,000 existing dwellings, and approximately 60,000 of those in Hamilton City, with 5,000 new dwellings built in the past 12 months. In the residential market, 30-35% of properties are rented out, with approximately 60% of these under professional management. Over recent years, annual rents have increased 10% plus p.a.
This opportunity would suit:
- Working owner(s) seeking the flexibility of self-employment and the Waikato lifestyle. Knowledge of landlord and property investment would be essential
- Another property management company (within, or outside the region) seeking a strategic acquisition
- Another business in the residential construction and investment sector, seeking to vertically integrate.
Contact Tony Begbie - 029 200 6515 today
Price $325,000
If you would like to receive any further information regarding this sale, please complete our online confidentiality agreement.
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