Portfolio Features
Reference: mc8014
Long standing office in the area for over 5o years. Very experienced and mature staff.
Reason for Sale
Principal wishes to semi-retire and stay on with the purchaser and sell.
Highlights
Properties (PUM)
550
Locations
Randwick, Coogee, South Coogee, Clovelly, Maroubra, Kingsford
Annual Management Income
$1.15M pa
Average Management Commission (Ex GST)
5.26% + GST
Letting Fees & Other Fees
$267k pa
Average Annual Management Income Per Property (AAMI)
$2,090
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.