11:25 AM, 18th December 2014, About 7 years ago 19
EDITORS NOTE: I have re-published this article because we are getting very close to the point of this investment opportunity being publicly available via the Crowd Cube Platform. Interested parties are advised to set up an account with Crowd Cube in order to avoid delays when shares are eventually released. When we first published the article below back in December the indicated level of interest exceeded £2 million yet only £250,000 of share will be released. This could be a fast sell-out so by setting up an account with Crowd Cube now this could help to avoid disappointment. It costs nothing to set up an account and commits you to nothing either.
The following was the content of the article released on 18th December 2014 ……
Regular Property118 readers may be aware that our founders acquired a 26% stake in Letting Supermarket two years ago when they were a start-up business. Since then we have been referring Property118 landlords to them and moving the management of our own properties across too.
They now manage a few hundred properties and are making profits. However, with increased marketing they will be able to leverage improved economies of scale and profits. The required funding is intended to be raised via a Crowd Funding Platform in the New Year. This is an opportunity for you to register your interest so that you stand a better chance of snapping up your shares as soon as they are released.
Letting Supermarket provide full management services at online pricing, i.e. 4% of rent for fully inclusive management (minimum £24.99 per property) plus VAT. The service is currently available in around 60% of England and Wales and coverage is expected to reach 100% within 18 months.
The company is ARLA bonded which means they have professional qualifications and carry Professional Indemnity Insurance and Client Money Protection. Administration such as advertising, referencing, rent collection, organising maintenance etc. is all centralised and qualified inventory clerks provide onsite support in terms of viewings, check in/out, periodic inspections etc.
We can’t go into the specifics of the investment, exit strategies or returns at this stage but what I can tell you is that the minimum investment will be £1,000 and that investment of more than £25,000 will also qualify for free management of up to 10 of their buy to let properties for life.
To register your interest please complete the form below. We will then ensure that you are one of the first to be sent a link to the full prospectus as soon as it is released on the Crowd Funding platform.
The fundraising target is £250,000, we expect this figure to be achieved within days of the investment opportunity first being released on the Crowd Funding platform.
Sorry but you’re too late. This project was fully funded within 7 days of the shares being available to purchase. The business is going from strength to strength. For details and testimonials from investors and your fellow landlords please CLICK HERE
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