Total of 18657 firms and businesses for sale today Thursday 28th March 2024
Time to Sell or Time to Buy !

Sold. West London, Residential Property Portfolio And Estate Agency. 85 X Residential Properties

LISTING DETAILS
Firms For Sale ID:
35141
Vendor reference:
CR200
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Commercial property:
Asking price:
£80,000,000  
Turnover / revenue:
Undisclosed
Net profit / cashflow:
Undisclosed

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Turner Butler has been appointed to invite offers of purchase for 100% of the share capital of the company that owns these property assets. There are 85x properties in the portfolio and include a mix of houses and flats, many of the properties have development potential and represent the opportunity for further income.

We are advised that the gross yield on the properties is c£2.7m.
These properties are managed by an Estate Agency also in the client’s ownership which can be included in the sale.

The Estate Agency employs 20x people excluding the Vendor, whose daughter is a consultant and son who is responsible to Marketing and Compliance for the Estate Agency’s Sales and Lettings.

Asking price: £80 million

Location: Ealing, Acton and Maida Vale

The business provides an acquirer with:

• An ideal opportunity to take a significant property holding position in West London
• Ready-made property management for the portfolio via the Estate Agency

Financial performance:

Offers are invited in the region of £80 million for all the issued capital of the company that owns all 85 properties.
The sale will be on a debt free cash free basis.

Details of the properties are available to suitable prospective buyers.

Next steps:

If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.