For most of us landlords we spend a lifetime building up a portfolio of residential properties. Inevitably this sort of landlord ends up with a mixed bag of property investments. A little bit of this, the odd flat the odd terrace a couple of semis.
Blocks of flats give opportunities
I admire landlords who have brought nice self contained blocks of apartments where they own the freehold and can also make additional cash through the service charges and ground rent. If you are cash rich and are looking at acquiring a mixed bag of property how about this portfolio of 251 properties available through Allsop.
It generates over a million quid in rent and I'm guessing there are a number of opportunities for arbitrage. Offers are invited but personally I wouldn't be looking to pay anything more than £10 million. This sounds a lot but given the management costs of this portfolio it seems fair. The properties available are:
236 houses and 15 flats
Located throughout the country, with a regional bias in the East and West Midlands
Subject to 144 assured shorthold tenancies, 19 assured periodic tenancies, 4 assured tenancies, 59 regulated tenancies and 25 vacant properties
Total current gross rent reserved £1,146,807 per annum
Estimated reversionary income £1,300,000 per annum upon letting all vacant units
Further opportunity to enhance rental income as tenancies expire.
If it wets your appetite more details and offers can be made via:
Anthony Hart
+44 (0)113 236 6677
anthony.hart@allsop.co.uk
Finance my investment - expert solutions
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