www.nzbizbuysell.co.nz/107265
Ad ID: 107265

Property Management Business for Sale Wellington and Kapiti Coast

Resilient Business! (Under Contract)

Location:

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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