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Selling a property portfolio in Manchester

Sell the whole portfolio, or only the parts you are finished with. We buy tenanted, and nobody is given notice for our benefit.

Drafted copy — awaiting client approval

This page was written by the agency. Nothing on it came from the client, and nobody has confirmed the business buys portfolios or has the funds to take one in a single transaction. It overlaps two pages that already exist — selling a tenanted property, and the developer page — and must be read and approved before this site goes live.

Selling the lot, or part of it

A portfolio is rarely sold because everything in it is a problem. More often two or three are, the rest are fine, and the owner has reached the point where the whole thing is more management than it is worth. Sometimes it is simpler than that: retirement, a change of plan, or money needed somewhere else.

You do not have to sell all of it. Tell us what you hold and which parts you actually want to let go of, and we will come back on those. Keeping the good ones and selling the rest is a perfectly ordinary outcome and not one we would argue you out of.

What makes a portfolio slow on the open market

Sold one at a time, a portfolio is not one sale but a queue of them, each with its own buyer, its own survey and its own chain. Any one of them can stall and the rest keep costing money while it does.

Sold as a block, the buying public shrinks to other landlords, and most of them are looking at the same arithmetic that brought you here. Add tenants in situ, which rules out anyone needing a residential mortgage, and the market narrows again.

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What we would need to see

More paperwork than a single house, and gathering it early is the difference between a quick completion and a slow one. For each property: the title, the tenancy agreement if it is let, the deposit protection certificate and prescribed information, a current gas safety record and EPC, and a rent statement. If any of them is licensed — an HMO, or a borough operating selective licensing — that too.

Where properties are held in a company rather than personally, say so on the first call. It changes the shape of the transaction and it is better known at the start.

What does not need doing

Nothing needs clearing, nothing needs repairing, and no tenant needs to be given notice for our benefit. Condition varies across a portfolio and we would expect it to. Arrears on one of them are between you and that tenant and stay that way; they are not a reason to step back and not grounds to reduce twice.

What landlords ask

How many properties is a portfolio?

There is no threshold. Two is a conversation worth having. If you have one, the tenanted property page covers the same ground for a single let.

Do you want all of them or can you pick?

We will look at whatever you put in front of us and come back on the ones we can buy. If that is some rather than all, you are free to sell the rest however you like, including keeping them.

Do the tenants have to be told first?

No, and the timing is yours. Most landlords would rather tell people once a sale is certain than while it is a maybe. After completion the tenants get written notice of who their landlord is and where the rent goes.

Some are in a limited company. Is that a problem?

Not a problem, but a different transaction, and one your accountant should be in from the start. We buy property; whether it is better for you to sell the properties or the company is a question for someone advising you, not for us.

This is a commercial decision and you will do the sums yourself. If a figure across the whole lot does not beat holding it another year, that is a good reason not to sell, and you will have found it out in a phone call.

No fee. No obligation.

Run the numbers across the lot

A figure across everything you want to sell, set against holding it another year. Plenty of landlords take the number away and keep the properties.

Talk to someone now 0161 806 1235

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