Rental management business, majority of properties in Hamilton with growing $275K p.a. revenue. These types of rental portfolio don't come up often.
Hamilton and the Waikato are economically strong, with steady population growth. Based on diverse industry sectors, excellent roading infrastructure, relatively affordable housing, high-quality education, great sporting facilities, lifestyle amenities, and logistically close to Auckland and Tauranga.
The Waikato Region has approximately 130,000 dwellings, over 65,000 of those in Hamilton City, with 5000 new dwelling s built annually on average. Approximately 40% are residential properties are rented out, with 60% of these under professional management. The average weekly rent has increased over recent years to $560/week.
This opportunity would suit:
- Another property management business in the sector (Waikato based, or from outside the Region) looking to expand their operation by strategic acquisition.
- Individual or couple employed in the sector looking to step up to the challenges, flexibility and financial rewards of business ownership.
- Another business within the broader property and accommodation sector looking to expand or diversify their value proposition.
Price $740,000
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.ds4u.cc/abc?ref=37039
