Business for sale

Business description

Established by the current Owners in the mid 1990’s, this company has now been dealing in property for many years. Having developed, rented and sold a large number of high standard, residential units across the South West London area, the business now retains a select range of prime rental investments.

Concentrating on old Victorian properties – the standard across the very desirable Wandsworth, Battersea, Clapham Common and Balham areas most favoured by this business, the portfolio now consists of seven self contained, one bedroom flats – each one a conversion, split from a much larger original residence. All properties are maintained to a very high standard but perhaps most importantly ideally located, close to London Underground or overground railway stations feeding in to Victoria and Waterloo mainline stations – offering easy access to the City and West End. Not surprisingly the flats are in constant demand – let on an Assured Shorthold Tenancy basis to professional tenants and managed by local agents.

Recently valued at approximately £1,980,000, combined, the portfolio currently generates over £80,000 in rents per annum.
The portfolio:

Address Postcode Lease date Lease term (yrs) Lease remaining Key Rent pa (£) Valuation (March 2007)
Wandsworth SW18 F/H share n/a n/a A 10,660 250,000
Battersea SW11 17/11/2000 92.15 85.78 A/D 10,660 265,000
Battersea SW11 F/H share n/a n/a B/D 113,260 290,000
Wandsworth SW18 25/3/1982 99.00 73.97 B 11,400 275,000
Clapham SW4 24/6/1977 125.00 95.21 C/E 14,040 300,000
Balham SW12 29/9/2001 99.00 93.50 C 10,140 250,000
Balham SW12 29/9/2001 99.00 93.50 C 9,880 250,000

Key:

A: Building consists of 6 other leases, same term, same share
B: Building consists of 3 other leases, same term, same share
C: Building consists of 4 other leases, same term, same share
D: Includes a roof terrace
E: Includes a shared garden area