CR200-mixed property portfolio and Estate Agency
Business for sale
Business descriptionTurner Butler has been appointed to invite offers of purchase for 100% of the property assets of this private client. There are 82x 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 £2.584m but which is due to increase later in 2018.
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, whoses daughter is a consultant and son who is responsible to Marketing and Compliance for the Estate Agency’s Sales and Lettings.
The turnover of the agency is circa £3 Million per annum.
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