North Shore & Hibiscus Coast – Established Quick Start Portfolio
Step into an established portfolio of 64 quality residential properties across Auckland’s North Shore and Hibiscus Coast, providing recurring income from day one and a strong platform for future growth.
North Shore & Hibiscus Coast - Established Quick Start Portfolio
A rare opportunity is available to step into an established Propertyscouts portfolio across Auckland’s North Shore and Hibiscus Coast.
Rather than starting a property management business from scratch, this Quick Start gives you an immediate portfolio of 64 managed properties, recurring income from day one and the backing of the Propertyscouts franchise network.
The portfolio is particularly attractive from a property-quality perspective, with an average weekly rent of approximately $806.
Key numbers:
- 64 properties under management
- Average weekly rent: approximately $806
- Annualised management fees: approximately $226,000 + GST p.a.
- Historically, secondary income across the wider business has been approximately 17% of management fees, which would indicate around $38,000 + GST p.a. of additional income at the current portfolio size
- Indicative combined annual income of approximately $264,000 + GST
- Purchase price: $539,000 + GST, if any
Why consider this Quick Start?
- Established recurring income from day one
- Quality portfolio concentrated across the North Shore and Hibiscus Coast
- No need to spend the first few years building from zero
- Work from home initially if desired
- Propertyscouts systems, technology, training and ongoing support
- Opportunity to grow across the wider Auckland market
- Potentially well suited to an experienced property manager wanting to move into business ownership
This opportunity provides a meaningful starting platform for someone who wants to own and grow their own property management business, while still having the support of an established national franchise network.
Detailed portfolio and financial information is available to qualified buyers following completion of a confidentiality agreement.
For a confidential discussion, contact Ryan Weir:
ryan@propertyscouts.co.nz
022 657 9432
All figures are indicative and based on current portfolio information. Secondary income is based on historical performance and is not guaranteed. Portfolio size, income and other figures are subject to normal movement and verification during due diligence.