A well-established Limited Company property business looking for a sale due to retirement. The business currently has a property portfolio of two commercial properties and one residential property.
This is an excellent opportunity to take-over a business with a good credit rating that has been building their reputation for over twenty years.
- The rental properties in this business currently generate a 7% yield
- The business has an established bank account and is VAT registered
- Low cost of entry
- Low stamp duty costs
- Current property values less than original costs so potential capital losses in excess of 100k available
- All interested parties will be required to sign a confidentiality agreement further to the release of additional information
