This is a fantastic opportunity to take over a property management business that rents out apartments in London.
The business possesses ten desirable flats 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 business acts as a leading provider of affordable, high quality accommodation in the area. Clients are mostly private sector tenants. Made up of 10 privately let flats, it brings in a minimum turnover of £90,000 per year, maximum annual turnover £100,000.
Each and every flat is responsible for its own council tax payments and electricity usage.
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 up market 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.
Intelligent are pleased to offer for sale this property management business that provides high quality living accommodation in a prime location.
This is an exemplary freehold business that can earn £90,000 a year in rental income.
Although the company is well established, it would benefit from raising its online profile with the implementation of a purpose built website. This would help to drive customer awareness and advertise the availability of the apartments throughout the marketplace. Rent could also be increased which would significantly increase the yearly income.
This is a unique opportunity that would particularly appeal to established property companies looking to expand their services. For the right buyer, this business offers a huge potential for growth.