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Millionaire Is Selling His Entire £1.25m Property Empire For £10

Millionaire Is Selling His Entire £1.25m Property Empire For £10

A millionaire entrepreneur is raffling off his dream £1.25million property portfolio for just £10 a ticket.

The lucky winner will bag 13 apartments across two buildings with a staggering annual rental income of £75,000, setting them up for life.

That's one way to get a foot on the property ladder, eh?

What's more, the winner will receive a cash prize of £30k.

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The lucky winner will bag 13 apartments across two buildings (Credit: Triangle News)
The lucky winner will bag 13 apartments across two buildings (Credit: Triangle News)

If you fancy trying your luck, you can enter here, with a deadline of 26th April 2021.

And fear not, because, all solicitor fees, stamp duty and tax will be paid for, along with building insurance for the first year.

The properties are located in Wakefield, West Yorkshire and belong to bricklayer-turned-entrepreneur Nigel Coxan.

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47-year-old Nigel, who owns more than 60 properties in Yorkshire, said: "I saw that there had been a few house raffles recently and thought it was a great idea.

"I just thought it would be a really nice way to potentially change someone's life who wouldn't be able to afford it otherwise."

All properties are one or two-bed apartments (Credit: Triangle News)
All properties are one or two-bed apartments (Credit: Triangle News)

The property maverick added that the raffle appealed to his "entrepreneurial side".

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He said: "I've had offers for the buildings, including from a pension fund, but I just thought this would be a more exciting way to sell the apartments.

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"Whoever buys a ticket is in with a much higher chance of winning than if they bought a lottery ticket.

"I'm really excited at the thought of getting a winner and helping someone."

The 13 apartments are all one or two bed-properties and already have professionals renting the property.

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All apartments are fully managed with an on-site maintenance team (Credit: Triangle News)
All apartments are fully managed with an on-site maintenance team (Credit: Triangle News)

If the thought of managing a property portfolio is intimidating, it's worth noting that the two buildings, which sit 50 yards from each other, are fully managed with an on-site maintenance team.

All of which makes looking after the portfolio a cinch.

Plus, the new landlord can manage the property from anywhere in the world - meaning they can kick back whilst raking in the cash.

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Nigel started out as a bricklayer and bought his first property in the mid-nineties, building up his impressive portfolio from there.

He is raffling off the properties as he wants to downsize his portfolio to focus on other business interests.

The dad-of-two says a property raffle appeals to his entrepreneurial side (Credit: Triangle News)
The dad-of-two says a property raffle appeals to his entrepreneurial side (Credit: Triangle News)

The savvy entrepreneur says he has more properties to raffle off too if this competition is successful.

The dad-of-two will donate £50,000 to charity Prostate Cancer UK if all 400,000 tickets go, as his father is recovering from the disease.

There will also be a runner up cash prize of £10,000.

The competition ends on April 26 2021 - the date of Nigel's birthday - and will be successful if more than 70 per cent of all tickets sell. You can enter here.

Featured Image Credit: Triangle News

Topics: Life News, Home

Mary-Jane Wiltsher

Mary-Jane Wiltsher is a freelance lifestyle and culture journalist. Elsewhere she writes for Stylist, Euronews, PHOENIX and What We Seee.