Ad ID: 107265

Property Management Business for Sale Wellington and Kapiti Coast

Resilient Business! (Under Contract)


Why buy this Property Management Business

Property Management Business for Sale Wellington and Kapiti Coast

Want to purchase a resilient business that has steady income and is part of a growth industry? 

Company key features: 

- Member of a national franchise 

- Supportive wider network 

- Owners – Whatsapp communication 

- Low vacancy and rent arrears 

- Yearly conference 

- Pick up the phone culture 

-Operates in wider Wellington Region – Hutt Valley, Porirua, Kapiti, Wellington, Levin 

- Work from home anywhere in this region 

Rent Roll Information: 

- Managed properties - 59 

- Number of owners - 41 

- Average Residential Weekly Rent - $520.20 

-Average Management Fee - 7.58% 

- Arrears 6 days or more - 0% 

- Vacancy - 1.64% 

- Annual Fee Income - Approximately $135,000 

Why purchase a Property Management business? 

Resilient business. The global pandemic has had a devastating effect on some businesses throughout NZ, however the property management industry has fared well. 

The property management industry is being regulated. This could provide opportunity for business growth as a lot of ‘standalone’ operators who aren’t supported by a strong national brand will choose to move out of the industry rather than become licensed. 

A property management business has reoccurring income meaning it is consistent. This makes it easier to create budgets for. 

Please e-mail Hamish at hamish@rentrollbroker.co.nz for more details. Subject to signing a confidentiality agreement, you will be provided a detailed business pre - sale report and information memorandum.

For more info
Contact: Hamish Turner

Hamish Turner

027 569 9991
Hamish Turner Ltd
Licensed REAA 2008

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