A new property investment company has launched this week with what it calls “a mission to help UK investors access exclusive, discounted property deals not available on the open market.”
The new venture will focus on negotiating off-market discounts with developers and housebuilders. Sacks Properties aims to fill a significant gap in the UK property investment market by providing carefully sourced opportunities that deliver strong rental yields and capital growth potential.
Michael Sacks, who co-founded Sequre Property Investment in 2013 and built it to become the UK’s largest buy-to-let property company with annual sales exceeding £200m, claims to have personally invested approximately £20m in property over the last 15 years.
“Despite the negativity you might read, UK property prices are about to increase dramatically due to our ever growing population and a lack of housing supply” he says. “We see an opportunity in educating and helping UK investors find deals that they won’t be able to access on the open market by pre-negotiating discounted deals with our extensive network of developers and house builders.
“I’ve put my name above the door of this company because we are taking a long-term approach to helping property investors.”
Sacks Properties says it differentiates itself through its founder’s personal investment experience and relationships with developers. The company recently secured a deal for investors that saw eight Manchester apartments sold at £20,000 below market value with yields close to 7%, all sold within 24 hours of being offered to clients.
A statement from the firm cites Adam Myeroff, a London-based solicitor and early client of Michael Sacks, commenting: “I bought four properties from Michael that were heavily discounted from market value. Michael later helped me sell the properties, and I walked away with just under £200,000 profit, which I used to build our dream family home.”
The company has already committed to office space in Altrincham and recruited marketing and sales managers with 50 years of combined experience. Investments through Sacks Properties will start from around £100,000 per property, with a minimum entry point of approximately £35,000, including deposit and associated costs.
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