Established rental management portfolio, majority of the properties in Hamilton, with $360K annual revenue.
Hamilton and the Waikato region are economically sound, with steady population growth. Based on diverse industry sectors, good 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 annually. 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 7% in Hamilton.
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.
Price $900,000
Contact Tony Begbie - 029 200 6515.
For further information regarding this sale, please complete our online confidentiality agreement. Copy and paste this link into your browser:www.
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