Portfolio Features
Reference: mc8010
Long standing office and brand for over 90 years. Considered to be a specialist property management business focusing on end to end needs of property investors including, management, financial advisory and focusing on maximising equity growth.
Reason for Sale
Highlights
Properties (PUM)
703 (669 RESIDENTIAL, 34 COMMERCIAL)
Locations
Randwick, Coogee, Kensington, Bondi Junction and Maroubra
Annual Management Income
$1.5M pa
Average Management Commission (Ex GST)
5.08% + GST
Letting Fees & Other Fees
$300K pa
Average Annual Management Income Per Property (AAMI)
$2151.91
EOI Process & Next Steps
I’m interested. Where to next?
Complete a non-disclosure agreement
Request a copy of a non-disclosure agreement in reference to this Preliminary Information Statement.
NDA & Expression of Interest (EOI)
Interested parties that have signed & returned a non-disclosure agreement will be provided with a full Information Memorandum as well as Expression of Interest (EOI) form and process of this EOI along with key dates and timeline.
Submit questions
Interested parties to submit questions arising from their review of the Information Memorandum.
Offers
After the review of EOI submission forms interested parties will be notified and invited to take part in a short due diligence of the rent roll, and then final and firm offers to be completed.
Contract exchange
Successful bidder will then be notified and proceed to Heads of Agreement/Sales Advice and exchange of contracts ASAP.