Newcastle

For sale

$220,000

BUSINESS FOR SALE - RENT ROLL NEWCASTLE

First time offered…Owner wishes to retire!!

We are excited to offer this highly desirable and manageable rent roll. Boasting approximately 70 properties predominantly in Newcastle (only 2 properties sit outside of the Newcastle area).

With a strong management fee income this rent roll would be a great asset to an agent’s existing rent roll or would be a perfect buy for any licensed agent/property manager looking to work for themselves and purchase their first rent roll.

If you are active in property management in the Newcastle and Hunter Region then you need to take a serious look at this portfolio. This opportunity won’t last long and has been priced to sell.

The owner is happy to provide a handover/training period of approximately 3-4 weeks to ensure a smooth transition.

Please give Brad Wallace a call on 0422 944 883 to have a confidential discussion about purchasing this portfolio.

TenantedNo

Property Info:

  • Property ID: L727709
  • Property Type: Retail

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R&H Suburb Profile: Newcastle

Learn more about Newcastle
R&H Suburb Summary Houses
Number of sales 4
Average Price $1,241,375
Median Price $1,300,000
Median Rental Price $350 p.w.
Change in Rental Rate (5yr) -20 %
R&H Suburb Summary Units
Number of sales 108
Average Price $741,925
Median Price $670,050
Median Rental Price $500 p.w.
Change in Rental Rate (5yr) 2 %
Newcastle, NSW - Median Trend
  • Newcastle