Sold. Independent Lettings, Property Management & Sales Agency For Sale

The Axis Partnership is pleased to offer for sale a traditional and well respected Lettings, Property Management and Sales Agency, based within the East Anglia area. Established in the 1990’s, this independent Agency has become a market leader in the local area, earning an enviable reputation for providing a high level of customer service. Encompassing Lettings, Property Management and with traditional Estate Agency sales being recently incorporated, the Company has developed three sustainable and profitable revenue streams, presenting an excellent opportunity for an incoming Purchaser to expand upon in this affluent area. Their portfolio currently includes c312 Fully Managed Properties and c120 Let Only Landlords leading to 185 properties being let during 2012. The Average Rent Value is £750 pcm, which represents an increase in Average Rent Value during the last five years of over 30%. The newly incorporated Sales Agency has added to their revenue, providing an excellent platform on which to expand.

Fee Income for 2011/12 c£268,415 (Y/E 31.03.12)
Net Profit c£107,000

Offers invited on a Goodwill & Assets Sale.