Property Management Business - Passive Role
Location New Zealand
Asking Price Range $250K - $500K
Gross Revenues $246000
Net Profit / Cash Flow $48600
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2010
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training Management agreement in place with specialist company.
Reason for Sale Owner looking to concentrate on growing property management company.
Description Due to a merger acquisition, a rent roll of 200 Christchurch city fringe townhouses and freestanding dwellings, each with a property management contract in place, has come onto the market for sale.
In place is a management agreement with Iron Bridge Property Management Ltd who has agreed to pay for the rights and benefits associated with the daily operation of the managed properties for the next five years. The management agreement includes the provision by Iron Bridge to maintain the current number of properties at 200, a negotiated buy-back at the end of the contract fixed at a gain of 20% on shareholders investment and a share of property growth during the period.
If you are looking for a good investment - contact me for a copy of the information memorandum.
Click Here To Contact Seller
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