We’ve been instructed to find a buyer for a well run and profitable lettings business operating on a fully remote basis. The business has been established for a number of years and has built a strong reputation for delivering a reliable, straightforward service to landlords, all without the need for a high street office which helps keep overheads low and the model efficient.
The portfolio currently sits at 120+ properties under full management, alongside additional let only and tenant find instructions. Average rents are generally in the £1,000–£1,250 pcm range, with management fees typically around 8–10% + VAT.
Geographically, the properties are spread across a number of areas across the UK, with a strong presence in commuter locations alongside some regional coverage. The portfolio is made up of ASTs with a handful of student lets.
The business is supported by a lean and efficient structure, using third party providers for on-the-ground services such as viewings and inspections alongside a handful of employed staff members working remotely. This allows the business to operate without the need for physical premises.
The owner is now looking to focus on other ventures, presenting a good opportunity to acquire a well structured portfolio with strong recurring income. Offers are invited in the region of £300,000+, with further details available to qualified parties following NDA.
