Locally Owned | Dual Income Streams | Established Reputation
A rare opportunity to acquire a well-regarded, high-performing property management business based in beautiful Dunedin.
This business has carved out a niche by combining long-term residential property management with a successful short-stay portfolio, including Airbnb. With a strong client base, consistent earnings, and experienced staff, it’s ready for a smooth transition to new ownership.
Business Highlights:
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Diverse Revenue Streams – Long-term rentals and short stays provide flexibility and year-round income.
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Robust Portfolio – 117 properties under management, with a mix of individual owners and investors.
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Reliable Income – Annualised management fee income over $317,000, plus an additional $180,000 in short-stay revenue last financial year.
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Strong Market Demand – High occupancy rates, competitive average weekly rents ($585), and a low arrears rate of just 3%.
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Professional Team – Skilled staff in place, including a senior operations manager and part-time support, ensuring continuity and quality service delivery.
Dunedin’s rental market remains strong, bolstered by a resilient student population, returning tourism, and major infrastructure projects driving demand for housing. The short-stay segment continues to perform, benefitting from consistent visitor numbers and limited supply.
Additional Features:
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Customised service plans to suit a range of property types
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Ethical, relationship-driven management approach with a strong local reputation
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Convenient central office location with affordable lease and parking
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Efficient systems and full compliance with Healthy Homes Standards
Ready to Take the Next Step?
Whether you’re a seasoned investor, industry professional, or looking to expand your footprint in the South Island, this business offers an exceptional platform for growth and continued success.
How are Rent Rolls Valued?
Rent rolls and property management businesses are typically valued based on projected annualised management fee income, rather than EBITDA. This approach highlights the strong potential for capital growth, making these businesses particularly attractive to Purchasers. For further details on rent roll valuations, please contact the broker listed below.
Hamish Turner, 027 5699 991, [email protected]
Mike Munro, 022 123 4144, [email protected]
***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.
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