Property Management Lettings Agency Partnership Business For Sale

Business description

Current annual income, in the region of £150,000 from property management and lettings only. This highly respected business has been established for over 10 in the present premises. The vendor is seeking a full time working 50/50 equity partner, who is capable of utilising the excellent trading name to create a much larger company in all areas of residential and commercial management and lettings. Currently all sales are given to local agents.

Property information

Property:

Leasehold

Lease terms:

Original Lease of 10 years, with 5 years remaining, Lease within the Act.

Leasehold rent:

£12,000 per annum

Location:

The unit is located on a busy main ‘A’ road with continual passing vehicular and pedestrian traffic, near TFL underground station.

Premises details:

Open plan lock-up shop with good window display, in good decorative order throughout, rear office and storeroom.

Business Operation

Years established:

10 years