10:56 AM, 30th June 2014, About 10 years ago 16
I have a small portfolio of 4 x modern apartments, in Leigh, Gtr Manchester. Each is 2 bed, first floor( of 3) and with balcony picturesque canal views to the rear. They have been great solid renters since purchase 2006 accruing 5.8% yield for me and with long standing tenants who wish to stay even longer. I need to sell them to release capital for a new venture.
My questions are:
1. Should I give notice to the tenants before marketing, or are there any investors looking for good reliable ‘tenanted property?
2. What is the best recommended means of marketing this portfolio? I should add that though they are desirable flats, a couple of recent distress sales have given the impression that the values have dropped – goes without saying that I need a good price in spite of this.
Any suggestions welcome