Successful Property Investment Business with Prime 3-Bedroom Hove Asset
£450,000
£22,200
£10,000
Overview
Freehold
1996
- Excellent Reputation
- Friendly & Professional Team
- Very Loyal Customer Base
- Huge Growth Potential
- Low Overheads
This limited property investment company, established in 1996, originally operated as a management consultancy, serving high-profile clients in the City of London, Cambridge University, and across Europe. In 2010, the company shifted its focus to property investment and has since built a strong and consistent track record in property management. The business is now available for sale as a whole.
The company owns a prime 3-bedroom leasehold rental property in the highly sought-after area of Hove, Sussex, valued at £450,000. This property has been continuously rented with no void periods for almost 20 years, highlighting its consistent rental income potential and high demand.
In 2023, the property underwent a complete refurbishment, ensuring it remains competitive in the market and meets current rental expectations. The sale includes the entire company, which owns the property, rather than the property alone. This structure provides potential buyers with the opportunity to avoid stamp duty, offering significant tax savings.
This represents a low-risk, high-potential investment opportunity in a prime location, backed by a long history of successful rental income and professional management.
The Hove property, purchased in 2004 and recently refurbished in 2023, continues to generate rental income at current market rates. The property has been managed by a local agent, who has maximised its rental potential, providing a hassle-free experience for the 2 directors.
Valued at £450,000, the property is leasehold with a 999-year lease beginning on 27 March 1961. It features three spacious bedrooms: the master (3.11 x 4.60m), a second (2.13 x 4.60m), and a third (2.11 x 4.60m). The central living and dining area (3.59 x 5.72m) offers ample space, while the modern kitchen (3.74 x 2.47m) is fully equipped. A private balcony (3.28 x 1.07m) provides an outdoor retreat. The 2023 refurbishment ensures the property meets market rental rates. Its neutral tones and modern design create a stylish and comfortable living space.
The sale is for the entire company that owns the leasehold property, offering buyers a tax-efficient acquisition option.
The business offers the potential for growth by either expanding the property portfolio or enhancing the management structure.
With the right investor, the company could invest in additional properties in the same region or explore other lucrative areas. Increasing marketing efforts could attract higher-paying tenants or additional rental properties.
Furthermore, transitioning to a more hands-on management style or diversifying services could increase returns. Given its location in Hove, a high-demand rental market, the business has promising growth opportunities.
Location
- Close to Local Businesses
- Nearby Car Parking