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Central Business Sales
UNDER OFFER Established Property Management & Lettings Business within the Glasgow Area - Ref 1423
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Business information

 Price:  £45,000.00
 Market Status:  Leasehold
 MLS ID: 1423
 Category: Other

*** UNDER OFFER ***

Central Business Sales is delighted to offer to the market a well established family run residential property management and lettings business. The owner set up the business 3 years ago and in this time has built up an excellent reputation. Fully relocatable, it would make an ideal first time purchase or could be amalgamated into a similar business with ease.

A complete property management service is offered, with high levels of customer service provided to both tenants and landlords, including a Rightmove account, high quality portfolio properties, full regulatory compliance,  client bank account, no business borrowing or liabilities, and strong monthly turnover. There are currently around 45 properties in the portfolio, which is growing year on year. The owner has other business interests and feels that there is significant potential for growth for a new owner to pursue. The business thus far has grown organically via word of mouth so there is significant scope for growth using other advertising and networking avenues.

All of the properties are in and around the Glasgow area,  predominantly the West End and city centre, but there is scope to increase the geographical area covered. Properties range in size from 1 bedroom flats to large family homes, in a variety of affluent neighbourhoods. The average monthly rent is currently £860 per calendar month. All properties are fully managed.

The owner is happy to agree a handover period to ensure a smooth transition to a new owner. This is a market that has seen considerable growth in the last 5 years and the business would make a great investment.

The business is being offered to the market for offers in the region of £45,000.

***PLEASE NOTE ALL VIEWINGS AND CONTACT MUST BE MADE THROUGH CENTRAL BUSINESS SALES - DO NOT MAKE A DIRECT APPROACH TO THE OWNER OF THE BUSINESS***



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