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Business for sale in United Kingdom - Cr136-property investment portfolio 15 residential properties
| Asking Price: | 1,315,000 £ |  |
Real Estate: | Lease |
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| Sales Revenue: | 1 £ | ||||||||||
| Net Profit: | 1 £ | ||||||||||
| Year Established: | 2000 | ||||||||||
| Employees: | Not Disclosed | ||||||||||
| # of family members employed: | Not Disclosed | ||||||||||
| Location criteria: |
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Business types:
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Business description
the north east of england is a stable property market – up 5.5% in 2008. This excellent opportunity is to acquire a ready made property investment portfolio with good potential for future growth and currently with 5% return on current rental. The fifteen terraced properties in the portfolio have been fully refurbished during 2006/2007, and have been modernised to a very high standard. All are fully occupied with excellent long-term tenants at a total rental income of £65,220.00 per annum. This property portfolio of owner-operated buy to let properties is in a well settled, central area of hartlepool, north east england, where there is a good demand for rental properties of the type in this portfolio. The properties are in a good location within easy reach of all amenities and are a superb opportunity for someone seeking income from a well managed and maintained investment.. Key strengths: flexibility is the key selling point of this business, offering complete freedom to the new owner. The properties are currently managed by a local property manager and letting agent who ensures the properties are occupied by good tenants and undertake all aspects of management for a yearly fee of £325 per property. No significant expenditure is required to ensure a successful letting operation. All of the properties are currently occupied and tenancy agreements will be transferred to the new owner. The existing properties are located in hartlepool, where the rental market remains strong. Growth and expansion: this is a first class opportunity to acquire a number of properties for either a first time venture into the letting business or for anyone looking to expand their property portfolio. The properties are occupied by good tenants giving excellent rent rise opportunities.
Additional information
| Additional information: | Not Disclosed |
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| Support & training: | Not Disclosed |
| Reasons for selling: | N/A |
| Financing available: | Not Disclosed |
| Inventory / Stock value: | Not Disclosed |
Real Estate
| Ownership: | no |
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| Lease: | yes |
| Lease terms: | Not Disclosed |
| Location: | Not Disclosed |
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