Real Estate Agency For Sale

Business description

Independent Real Estate Agency and Rent Roll

The office offers Main road exposure, features ample window space, up to date office systems, procedures and computer equipment.

Located in the Northern Suburbs, the office facilities are glass partitioned and include bright / modern reception area, 4 agent’s offices, meeting / board room, large back room admin area, and kitchen / Utilities and storage area.

The Owner of the Business believes that the Landlord will be happy to assign the lease to a suitable purchaser. A copy of the lease will be made available to prospective purchasers.

Staff currently engaged by the business include: 1 Agents Representative, 1 receptionist, and property management is current controlled by the owner.

There is potential to easily grow the sales side of the business as there is enough room to accommodate more sales staff as the business grows.

Rent Roll
The current rent roll consists of approximately 65 residential and commercial properties, through approx. 35 owners. Gross monthly commission income $ 5,300+

Would suit any agency wanting to expand or an agent wishing to operate a well established business.

Property information

Lease terms:

Lease: The Current Lease commenced 1 June 2006 for 5 years.

1 Option of 5 years
Reviews: annually to CPI. 2011 to Market
Current Rental is approx. $ 1,600 pcm (plus GST and Outgoings).

Location:

Northern Suburbs of Melbourne