Island Reality - Unique Real Estate Business Opportunity

Now is a great time to get into real estate on Norfolk Island.  Established in 1976, Island Realty has been a trusted and reliable name in the local property market for the last 42 years.

Our rent roll is increasing monthly, solidly sitting at 65-70 properties, both residential and commercial.  House and unit rentals have increased approx 30% in the last 18 months, achieving good management fees.

The business is extremely affordable – with an extraordinarily low selling price – as the owners are retiring and have a lot on their bucket list!  The Principal will stay for a settling-in period as needed, and general training/familiarisation with the business and the island.  We have a very reliable and competent Office/Property Manager who handles the accounts and runs the reception, who can also swap to sales if required.

The Principal has been the main salesperson for the real estate for the last 10 years.  With a second salesperson you will increase your business sales and listings even further.  We have an experienced real estate agent recently shifted from Australia ready to work for you if required.  Even with an extra salesperson working on a commission-based salary there is a substantial living to be had. 

There is NO GST on Norfolk Island and NO restrictions on buying a business on Norfolk Island.  Norfolk Island Realty has proven itself to be a stress-free business, with an exciting new and safe environment for singles or families relocating to Norfolk Island.  There is plenty of career satisfaction and enjoyment to be had in this business, and the island lifestyle is second to none.

The real estate office is in the main street of town with good street frontage.  It is located in The Strand Arcade alongside other services, shopping and cafés.  The office premises has a long lease, with plenty of desk space to accommodate an increase in staff.  It is modern and spacious with cathedral ceilings and ample space for branding.  There is plenty of parking both on and off-street.  The principal’s office and conference room have lovely views across lush green hills and valleys to the airport.

Norfolk Island Realty offers:

• Excellent annual income
• Excellent reputation built up over 42 years
• Sub-tropical island lifestyle
• Low capital investment for a valuable business
• No real estate license needed currently – start earning whilst you study*
• The opportunity to leave behind limiting wage rates to be your own boss
  • set your own work schedule,
  • develop relationships in the community
  • decide on your own direction
• Exclusive listings
• Large rent roll
• Sales – houses, units, businesses, commercial, land, investment property
  • Commission is negotiable, usually 3.5% of sale price
  • Business sales usually 5% of sale price
• Rentals & Management – houses, units, commercial and industrial
  • Rental commission is 7-8% plus letting fee equivalent to the first weeks’ rent
  • Low vacancy rates
  • Commercial lettings commission equivalent to approx 10%+ of the first years’ lease (depending on the property and length of lease)
  • Tourist accommodation rental income
  • Tourist accommodation management income
• Tourist accommodation listings can be greatly increased if desired
• Tourist accommodation management can be increased if desired
• Potential to increase sales and listings significantly by taking on another salesperson, or
  • Work the business as a single-salesperson entity… the choice is yours
• Safe and pressure-free environment for the family and singles of all ages on Norfolk Island
  • If you have children, Norfolk Island teaches under the NSW curriculum
• Very conservative office rental costs and outgoings, long office lease
• An established social media feed with almost 4,000 Friends and over 1,000 followers, a dedicated website and a long-standing presence on realestate.com.au
• 5-10 minutes travel to all property under your care. Not many real estates can boast that one!
• And of course, the seachange you always dreamed about…

At just $70,000 wiwo.

For a confidential discussion please contact Principal David Bell on This email address is being protected from spambots. You need JavaScript enabled to view it. phone (+6723) 50701 or make a Skype appointment with us any time.