Due to a merger acquisition, a rent roll of 200 Christchurch city fringe townhouses and freestanding dwellings, each with a property management contract in place, has come onto the market for sale. In place is a management agreement with Iron Bridge Property Management Ltd who has agreed to pay for the rights and benefits associated with the daily operation of the managed properties for the next five years. The management agreement includes the provision by Iron Bridge to maintain the current number of properties at 200, a negotiated buy-back at the end of the contract fixed at a gain of 20% on shareholders investment and a share of property growth during the period. If you are looking for a good investment - contact me for a copy of the information memorandum.