Executive Properties Rent Roll & Offices

Rent roll comprising 116 PUM (115 residential, 1 commercial). Producing around $500.1K per annum in management revenue, fully occupied (ex GST). Residential rents average $8,779.83 per month and $3,258.20 per fortnight per property, while the commercial tenancy averages $2,345.83 per week. The portfolio is managed at an average commission rate of 4.52% + GST, with an AAMI of approximately $4,311.87 per property per year (ex GST).

Over the past 12 months, income from letting fees reached $163,405.22, with lease preparation and renewal fees contributing $65,843.31, and income expenditure and sundry charges adding $7,259.60 (all figures ex GST). On average, each owner holds 1.18 properties within the portfolio.