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The Procurement Agent sources potential Investment / Buy to Let developments and evaluates the suitability of the development and whether an exit strategy is available:
An exit strategy should include the following elements:
- The property can be resold
- There is a sustainable rental demand
- Landlords property rights are assured
The due diligence performed by the procurement agent provides investors with peace of mind knowing that the following filters have been applied:
The Regional/Area potential and future demand, including regeneration benefits
Past capital and potential capital growth
Achievable rental surveys have been conducted
Valuators/RICS Surveyors (Royal Institute of Chartered Surveyors) confirm capital values/achievable rental
That banks will provide mortgages on the development
The reputation & integrity of the developer
The suitability of the development for the area tenant/tourist profile
That the developer is regulated and compliant
That planning permission has been granted
With long lets
The procurement agent ensures that the “magic circle” is in place:
Within 8-12 minutes walk- Public Transport, Shopping, Social
The tenant can shop for the necessities, bread, and milk etc
Stop for a “pint” on the way home
Go to gym, enjoy a meal, and catch a Tube/Train/Bus
Within 50-60 minutes ride -Transport links to mayor employment/study opportunities
With short/tourist lets
Quality beaches/blue flag status is accessible in minutes
That sports & recreational activities, are suitable
If golf is on the menu, are the course(s) desirable?
Culture and leisure facilities (Restaurants, Pubs, Sports Bars, etc) are accessible
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