Under Offer
Rare income producing residential portfolio comprising 178 modern houses and apartments located throughout England
Offers in excess of £19,000,000
- Property Types:
- Portfolio, Residential
- Sub Types:
- Block of Flats, House, Multiple Flats, Multiple Houses
Description
Investment Summary
A rare opportunity to acquire an income producing residential portfolio comprising 178 modern houses and apartments located throughout England.
- Seven opportunities in total, a mix of Freehold and Leasehold interests
- Comprising 51 houses and 127 self-contained apartments, a total of 178 units throughout the portfolio
- High levels of compliance with 95% of the portfolio currently benefitting from an EPC of C or above
- Each opportunity is well located, in areas with strong rental demand
- Currently 90% let, producing a gross income of £1,239,360 per annum
- Estimated Rental Value (if fully let) of £1,476,240 per annum
- Offers are invited in excess of £19,000,000 for the portfolio in its entirety, subject to all existing tenancies, subject to contract
- An acquisition at this level reflects a Gross Initial Yield of 6.52% and a Gross Yield against the project ERV of 7.78%
- The portfolio provides excellent break-up and asset management opportunities
- Offers for individual properties will be considered
Subject to contract