Commercial Property Containing 10 Flats in London

Pinner, Greater London
REF: 04493

Asking Price:
£1,999,500
Annual Turnover:
£105,000
Annual Net Profit:
TBC
REF: 04493
Photo of Commercial Property Containing 10 Flats in London
Photo of Commercial Property Containing 10 Flats in London
Photo of Commercial Property Containing 10 Flats in London
Photo of Commercial Property Containing 10 Flats in London

Overview

Tenure:
Freehold
Established:
1993
  • Excellent Reputation
  • Huge Growth Potential
  • Low Overheads
  • Accommodation Included

The business for sale is an established property management business that rents out apartments in London.

The business possesses ten desirable apartments, in popular areas and has provided exceptional accommodation since its inception in 1993. With a strong turnover and amazing growth prospects, this is a brilliant business opportunity for those with experience in the thriving property sector.

The apartments are situated in an affluent area popular with professionals. The business is well connected by major bus and tube links and ample car parking is also available and also located near Hatch End High Street where you will find high-end restaurants and designer shops.

The property boasts 10 individual flats, with garden areas. There is off-street parking for 5 cars and on-street parking immediately outside the property. Each and every flat is responsible for its own council tax payments and electricity usage, with heating and hot water included in the rent.

It has been fully let for a number of years and to re-let a flat takes just a few days. There is a huge demand to rent one of its properties mainly as it is in a very good upmarket area with beautiful surroundings and the properties it has are affordable compared with others in the area.

The current owners pride themselves on maintaining the properties to an exceptionally high standard. They possess an established and reputable track record. However, the apartments are now ready for a new buyer to step in and effectively utilise the space as they see fit.

Through rental income, the business has obtained high financials.

The property houses 10 flats, all of which have been maintained to an exceptionally high standard. It is situated in a prime location, with ample public transport links and convenient parking.

Expenses each month are for gas, water, insurance and maintenance. An average monthly cost of £600 typically covers this. All other bills are the responsibility of the tenants and are not included in the monthly rental charges.

This business was first established in 1993 and has built up a fantastic reputation over the years. The property is consistently leased to capacity, generating impressive financial figures.

With firm foundations in place, this opportunity is well-primed for further growth. Thorough digital marketing strategies and rental reviews would be a fantastic way to increase the business’s earning potential and reduce the amount of time a flat is left vacant.

Location

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  • Residential Location

Property

Rates
TBC
Accommodation Included
No
Freehold Property Value
£1,600,000
EPC Rating

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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