For Sale

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