Auckland, ID 163325
This opportunity provides entry into the residential room-rental accommodation sector, offering a profitable business model with consistent income and clear growth potential. Business Highlights * Well-selected portfolio of properties located in high-demand areas, supporting strong occupancy rates * Owner operates in an oversight capacity, focusing on financial management, sales performance, and tenant pipeline * Operates in accordance with the Residential Tenancies Act 1986 * Tenant base primarily consisting of professionals and tradespeople * Strong return on investment supported by low operating costs and high revenue * Established reputation for delivering consistent profitability within a high-demand market * Turnkey operation with well-developed systems requiring minimal day-to-day owner involvement * Growth potential through acquisition of additional properties to increase revenue At full occupancy, annual revenue exceeds $2,245,000 EBPITDA exceeds $610,000 after expenses of approximately $210,000 The purchaser will be required to assume a proportionate share of refundable bonds held by Tenancy New Zealand, totaling approximately $106,680 The vendor may consider retaining a shareholding and continuing involvement in business development to support future growth This represents a scalable and well-structured opportunity within the residential rental sector, offering strong returns and expansion potential.
