Total of 18656 firms and businesses for sale today Friday 19th April 2024
Sold. Superb Single Site Freehold Investment Property Portfolio Corporate/private /holiday Lettings
LISTING DETAILS
Firms For Sale ID:
33198
Vendor reference:
CR180
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£1,200,000
Turnover / revenue:
£80,000
Net profit / cashflow:
Undisclosed
Years established:
3
OTHER DETAILS
Reason for selling:
Health reasons
Support and training:
The vendor will provide full business and property familiarisation at handover. The vendor has been in the construction sector for many years and has contacts with high quality tradesmen and building professionals locally. He would be prepared to provide a full maintenance contract (one or two year) to a new buyer should they so wish at an agreed fee to be negotiated.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
BUSINESS DESCRIPTION
Superb Single Site Freehold Investment Property Portfolio
Corporate/Private /Holiday Lettings
Ref.CR180
Location Pembrokeshire
Asking Price GBP 1,200,000
Primrose Cottages is an impressive development overlooking the extensive and attractive Commons Parkland to the south side of the historic town of Pembroke which boasts a former Norman Castle. It comprises an excellent mix of 1, 2 and 3 Bedroom Homes which have quality fittings and furniture and off road private car parking.
The long term residential units are let at rentals between GBP660 to GBP1,300 per calender month and currently produce a gross rental return of circa GBP64,000 per annum. All units are fully furnished to a high specification and includes heating and hot water.
Accounts and all other financial information can be made available to parties who have completed the Turner Butler confidentiality agreement and have viewed Primrose Cottages.
Expansion Potential
The vendor has only recently developed a new website and employed the services of an external company to assist in online marketing. This should certainly increase demand for the future and increase revenues, as would the attentions of a new owner who can commit more time to this already successful venture.