Property Management for sale in Mijas Costa

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Well Established Property Rental and Management Company in Mijas Costa

Mijas Costa, Malaga, Spain

  • Leasehold Price: €99,950
Seller Reference: 2428
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Business Description
 
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Seller Reference: 2428
Request Details
Business Description
This very well established property managemaent company has been running for around 20 years and has a vey good reputation indeed.

The office is based in Calahonda and all of the properties that they handle are located between Elviria and Riviera.

There are around 70 properties that are managed, roughly 25 are let on a short aterm holiday basis, 6 are let on long leases and the others are either fully managed, or managed when the owners find their own tenants.

In addition to managing the properties, they offer other bolt on services to such as airport transfers, car hire or arranging excursions for the tenants or arranging insurances or paying accounts for the property owners.

The property maintenance is a large side of the business, there are a number of issues that arise during the normal summer letting period that need to be dealt with quickly and in the winter a lot of the home owners choose to carry out redecoration or refurbishment works.

Also from time to time, a property gets sold and this is done in conjunction with a real estate agent with the commission being split equally.

Ideally suited to couple, with one partner handling the rental and management work and the other handleing the maintenance and refurbishments works. There is an office manager and four cleaners who would all wish to remain with the business.

The sale includes a website and facebook page as well as an extensive database of previous holiday tenants and a full handover will be provded.

This really is a good business and the buyer could expect to have their investment returned in just over a year.
Tenure:
Leasehold
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