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CONFIDENTIAL
FOR SALE
616101
156292 / Rightbiz
Our clients are offering for sale an impressive portfolio comprising circa 50 commercial and residential properties located primarily in Cornwall.
The extensive collection of appreciating assets has been built by our clients over a period of 50 years and generates consistent revenue from ongoing tenancies, with a near 100% occupancy rate.
The majority of the properties are directly managed by our clients’ corporate structure comprising four limited companies – shares in which are included in the sale – with residential letting agents also utilised.
Offers invited.
Average annual return on investment rate of 6.6% across the portfolio, with some rates as high as 9%.
Circa £1.25m rental income per annum, with rent increases scheduled.
Properties are primarily in the sought-after markets of Cornwall, with others in Devon, Manchester, and Somerset.
Current mortgage balance of circa £2.3m across two lenders.
Additional income is generated through solar panels installed on a range of properties, identified as a reliable and scalable passive revenue stream.
Commercial
Annual income of circa £960k.
Circa 30 commercial units currently, comprising offices, shops and industrial units.
Long-term leases averaging eight years in place for the majority of properties.
Unit valuations range from £60k to £2.5m.
Gross property value of circa £12m.
Residential
Annual income of circa £275k.
Circa 20 domestic properties currently, ranging from one-bedroom apartments to family homes.
Individual residential unit valuations range from £110k to £1.5m.
Gross value totalling circa £6.3m
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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