Residential Lettings Agency
£160,000
£1,000,000
TBC
Overview
Leasehold
TBC
- Excellent Reputation
- Huge growth potential
This is a superb opportunity to purchase a very strong, long established and locally respected residential Lettings agency based in the student quarter of Oxford.
Dealing in the letting of private residential dwellings, houses of multiple occupancy and student lets, the business has seen plenty of steady growth since its inception.
With the possibility to further grow into the sales side, this is a quality opportunity with excellent annual income and cash flow.
The business operates from highly visible high street premises, accessed from a substantial pavement frontage with large window elevations, the premises briefly comprises fully equipped, fully fitted and furnished front office area, further office and desk space to rear, ancillary areas, staff area and kitchen, and self contained private consultants office to the side.
Complete with a vibrant, engaging and well crafted multi page website, the business is a fully fitted turnkey premises. The website journey is simple and straightforward with designated and specific areas for landlords, tenants, students, and a property sales area, whilst being in keeping with the whole look and feel of the brand including Facebook, Google+ and Twitter.
Oxford City centre itself is only a bus ride away and around 1 mile to the university campus. All office fixtures and fittings are included as part of any sale.
Intelligent Business Transfer are extremely pleased to be able to offer for sale this leasehold high street residential lettings agency, situated in the popular location of Oxford.
They are a skilled lettings agency, serving an impressive property portfolio across Oxford and currently manage around 70 properties which generates a solid monthly income and cashflow.
Providing personal, bespoke and impartial advice to landlords, tenants and the larger student population, the business has grown rapidly and consistently.
Other strings to their bow include, property sales, management and block management which could be further increased from a property sales perspective to generate extra income.
This would be a perfect opportunity for husband and wife team, a corporate bolt on, or a property partnership purchase, this is a profitable and high turnover opportunity.
For sale due only to our client wanting to concentrate on their other property development matters, this is a rarely available opportunity at such a realistic price. Average rents in the local area are around £790 per calendar month for a 1 bedroom flat, to £2000 for a modern 4 bedroom detached house, with average monthly management income fees at between 6-10%.
This is a great property lead agency business worthy of further investigation.