Residential Rental Cash FlowListing: #EL03241
About this Business for sale in Auckland CityResidential Rental Cash Flow
There is a rental housing shortage in Auckland and this business helps to address this problem.
This is an upmarket house rental business with a difference. The vendor is the tenant of many houses around Auckland which they intern rent on a room basis to people requiring rental accommodation from a few months to years.
These people may be waiting for a house to be built or perhaps it is a business transferring staff on short-term assignments for only a few months..
- If required these properties can be rented fully furnished.
- The 18 current properties are spread around Auckland from Mt Roskill, Blockhouse Bay, Te Atatu, Remuera, Epsom
- Currently run with the part-time owner plus 1 part-time admin person and 2 part-time contractors, however, a manager is available for $50,000 per year if someone requires a complete hands-off operation
Sales last year approx $1.4M for a net return to the owner over $352,000
This is a proven sustainable easily run business.
At the asking price of $850,000 it has averaged over 33% return to owner over the last 2 years.
To find out more, go to linkbusiness.co.nz/EL03241 and press the “Enquire Now” button to complete an online confidentiality agreement.
Robin Harris, 021 968 779 or 555 6041, firstname.lastname@example.org
***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.
#buybusiness #rentalproperties #propertymanagament #services #rentalshortage #furnishedrentals #auckland
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*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.