Rent Rolls for Sale

I have a couple of clients currently looking to sell their rent rolls.

Client 1 is a north western suburbs office established more than 20 years looking to sell 102 properties netting 100k in management fees. They are looking for a 3.5 times multiple and this also provides a very prominent office, fixtures and for an extra 10k they will provide a database of 1200 active residents and buyers. In effect it is a walk in walk out solution.

Client 2, an inner city established office, has 150 properties and 160k of annual management fees for sale. This a portfolio that he no longer wants to operate due to space limitations within his office and the expansion of his 3 other portfolios that are closer to his designated sales patch. He is looking at a 3.65 multiple and will happly provide a long retention period and a restarint against those properties for an extended period.

If you have any interest then please contact me directly on 0409 421 402 – Colin Linke.