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Reversions Portfolio – A unique opportunity to acquire a substantial Ground Rent Portfolio

Price on Application

Property Types:
Portfolio, Residential, Student

Description

  • 35 modern purpose built developments of which 27 are held freehold
  • 57% located in the cities of Birmingham and Manchester
  • Ground rent income received from 3,685 units (3,540 flats, 11 commercial units, 8 rent charges, 126 car parking spaces)
  • Residential leases with unexpired terms of no less than 105 years
  • Total ground rent £906,399 per annum
  • c.90% of rents are subject to indexed reviews (PSAEI and RPI) predominantly 10 yearly
  • Average time to next review c.9 years (on a weighted average basis) with indexed growth to date of 33%
  • Residents management companies in place on 7 developments
  • Right to insure on 25 developments
  • Significant additional income streams including management suite rental
  • Corporate transaction available

Best bid deadline 4pm Friday 21 July 2017

Subject to contract