SOLD – Upper North Shore Rent Roll

Rent roll with 505 PUM (499 residential, 6 commercial). Generating approx. $1.107M pa in management income (fully tenanted). Residential AAMI of approx. $2,192 per property per annum. Average fortnightly rent of $1,508, and monthly rent of $4,049 per property. Average management commission of 5.34% plus GST. Additional leasing, other revenue, and recovery revenue totaling approx. $206K over the last 12 months. Less than 40% of tenancies on expired leases. Average ownership of 1.20 properties per owner.