Current annual management income is in the region of £41,000 from residential and commercial managed properties, if the commercial is not required the vendor will retain. There is an excellent residential sales market with extensive potential for expansion. The business has been established for many decades and the company has now decided to sell their Residential Sales Agency and Property Management and Lettings Portfolio, including their Leasehold premises, in an area where there is little likelihood of any additional A2 units being granted.
Affluent Northamptonshire Market Town
New Lease to be granted with multiples of 3 years and 3 yearly rent reviews.
The Lease is within the Landlord and Tent Act of 1954
Current annual rent - £16,000