Under Offer

East Anglia – Residential led mixed-use investment portfolio

Offers in excess of £7,850,000

Property Types:
Portfolio, Residential
Tenure:
Freehold

Description

A rare opportunity to acquire a residential led mixed-use investment portfolio in East Anglia comprising a total of 75 residential units and 13 shops

  • Five Freehold Opportunities situated in – March, Wisbech, Downham Market, Thetford and Mildenhall
  • Each property is well located within towns offering strong rental demand
  • 69 self-contained flats and two HMOs comprising 4 studios and 4 en-suite rooms
  • Range of shop tenants including: Ladbrokes, Savers Health & Beauty, West Norfolk Deaf Association and Wisbech Market (mini supermarket)
  • Well maintained and well managed
  • Asset Management Opportunities
  • Currently 94% let, producing a current gross rent of £613,150 per annum
  • Estimated Rental Value (if fully let) of £647,370 per annum

Offers are invited in excess of £7,850,000 for the portfolio in its entirety, subject to all existing tenancies and leases, subject to contract

An acquisition at this level reflects a Gross Initial Yield of 7.81%, a Gross Reversionary Yield of 8.25% (based on ERV) and a low Capital Value of £143 per sq ft

Offers for individual properties will be considered

Subject to contract