Room Tenancy Property Management

Step into the lucrative world of residential room-rental accommodation. This is an opportunity to own a profitable rental accommodation business that delivers consistent income and potential for growth.

Business Highlights

• Well Selected Properties: The portfolio includes a range of strategically located properties in high-demand areas, supporting high occupancy. 
• Owner maintains an overview role: monitoring financial management, sales staff motivation and new tenants pipeline.
• Jurisdiction: operates in accordance with the Residential Tenancies Act 1986.
• Quality tenants: targeted to professionals and trades.
• Impressive ROI: Low operating costs, high revenue.
• Stellar Business Model Reputation: The vendor has built a solid reputation for delivery of profit from a high-demand commodity.
• Turnkey Operation: The business has well established operational processes with minimal operational input required by the owner.
• Growth Potential: There is significant opportunity to grow the business by adding more properties to increase revenue.

At 100% occupancy, revenue exceeds $2.245 million..

EBPITDA profit exceeds $610,000 after expenses totaling approximately $210,000.

The Purchaser will be required to assume proportionate funding of refundable bonds (held by Tenancy New Zealand) at a total of approximately $106,680

The vendor may consider retaining a share of the business, maintaining business development input to support continued growth.

Don't miss out on this golden opportunity to establish your business role in the rental property sector. Take a leap towards financial independence and make your entrepreneurial dreams a reality.

Tony Andrew, 021 938 560 , [email protected]
Ron Vazirani, 021 294 2978, [email protected]

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