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Description

For sale 8 tenanted apartments in the prestigious Shenley Church End area of Milton Keynes. All are occupied with long-term working tenants on ASTs at between £715 - £760pcm The apartments are very well managed by a local agent at just 6% management fee plus vat. The freeholder is the Parks Trust and the lease length is >95years. Further information on one of the apartments and images (sale agreed) is on Rightmove ref 109644068 Guide price £160,000 per apartment, or a sale of the company will be considered. Buying the company creates substantial savings in purchase costs and stamp duty and means that much less capital is required. The company has an existing Paragon mortgage which can remain in place to a new Director in good standing. In this case, a share sale can take place for the sum of £440,000 simply reflecting the equity position with no additional consideration for the income or goodwill. NB: This is not a desperate sale but rather a considered retirement disposal. Below market value offers will not be entertained and proof of funds are required. Principals only, NO AGENTS In the first instance, please message with your telephone number to discuss your eligibility and position.