11 property portfolios for sale

11 property portfolios for sale

Here are the latest batch of property portfolios
being offered by one of our trusted property sourcers

To enquire about any of these property deals please
telephone Mike – 07977220380

Sourcing Fees Apply

West Yorkshire – Portfolio of 85 apartments + 1 house 

West Yorkshire based portfolio of 86 properties that consists of 85 apartments and one house.

They sold off the freeholds to all the developments a few years ago which is a shame as they have almost an entire block or two in the portfolio.

The properties held within a specific purpose Limited Company and the book value is circa £7 Million (GBP)

The developers are looking to net £5.5 Million (GBP) or very close to.

Fully let currently it generates some £447k (GBP) pa in income before ground rents and service charges.

Net yield is over 7%

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Liverpool PBSA site 1

OIRO £2,000,000 (GBP)

•   Land Sold with Planning Permission for 356 Student Rooms

•   Site Size 1.195 acres, 4830 Square Meters

•  Nov 2012 Lending Val £3,450,000.00

•   Building can Start in August

•    In Clusters with Open Plan Lounges and Kitchens

•   Contemporary Building Over 5 Floors

•  Student Lounge, Cate, Gym Laundrette and Player Room

•   5 Wings, 5 Lifts

•   Parking Spaces and Bike Ports

•  Commun11I Gardens Are.as

•   200 Yards from Liverpool University

•   A short Walk to Liverpool’s City Centre

•   Lifetime Covenant  indemnity  insurance

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Liverpool PBSA site 2

Opportunity in Liverpool for PBSA with Planning Permission for 140 units.

There has also been a favourable nod from the council to increase to 284 units.

Purchase Price: £1.75 Million (GBP) – as is – for the site with full planning permission as above.

Site with full planning permission for new 6 storey building consisting of 122 student rooms in 22 clusters, 18 self contained flats and 1 retails unit with associated parking and landscaping.

The planners have indicated that they would be sympathetic to an amendment to the above application in line with the proposals outlined in the Concept Design brochure to uplift planning permission to 284 beds. They also agreed that they accept that an increase in the number of units to 284 would be a more effective use of the site along with a design more consistent with the current surrounding buildings. Potential GDV £18 Million (GBP)

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Sheffield     47 apartments

Sheffield 47 apartments 9.4% net yield / 26 % BMV

42 units available made up of studios, 1 bed & 2 beds all fully let and 5 commercial units.

The price also includes the freehold on the whole development.

Sheffield Facts:

·       Freehold of 120 including commercial units.

·       Commercial Units- 1-5 see spread sheet. upon request

·       2 Bedroom flats-6 see spread sheet. upon request

·       1 Bedroom flats-27 see spread sheet. upon request

·       Studios-9 see spread sheet. upon request

·       Total number of properties 47.

·       Lease 150 years from November 2007.

Summary

•         Bank valuation = £4,380,000 (GBP) + Freehold. Valuation was done in December 2013

•         Sales price = £3,909,000 (GBP) if each unit is sold individually (10.8% discount)

•         Sales price = £3,225,000 (GBP) if purchased as bulk as one transaction (26.4% discount)

•         Net income from rental income & ground rents = £302,378 (GBP)

•         Net Yield = 9.4%

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Nelson     17 houses

Offers circa £620,000 (GBP) for 17 houses.

All fully renovated to an excellent standard and local agents say the 2 beds would go for £50k and the 3 bed £60k.

Only two minutes walk from the town centre.

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Balham, London

SUMMARY PROPOSAL

Beautiful victorian luxury development of 16 tenanted, fully

furnished apartments of which 13 are available to acquire.

All current tenants are on 6 months AST’s.

The Estimated Rental Value (ERV) is £400,000 (GBP) p.a.

We are proposing either individual sales (see individual price schedule TBC) or

will consider selling all 13 apartments as a single asset sale and include

the entire freehold for £9,250,000 (GBP)

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Social Schemes/sites

1.        Mossley Hill, Liverpool.

Approx. 2 acres with consent to erect 1, 2, 3 and 4 storey buildings comprising a) 95 bed Residential Care Facility b) 23 Sheltered Accommodation apartments c) 90 x children nursery d) 46 x children after school accommodation.

2.       Randlay Centre, Randlay, Telford.

Approx. 1.24 acres with consent for 72 bed care Home and 18 apartments.

3.        Blythe Bridge, Staffs.

Listed building in poor state of repair with current planning for 14 apartments but owners are applying new consent for 40 bed Care Home plus two guest rooms and managers accommodation at the luxury end of the market. Set in own grounds.

4.        Wem, Shropshire.

Currently owners in for planning for 9 houses and 13 apartments but essentially application made to establish to total approved square footage of 25,000. There is a demand locally for Care Home facilities and a waiting list. This square footage would translate into say 60-80 beds.

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Gravesend, Kent

Full planning 86 flats (1,2&3 beds) + c.900 sqm commercial/retail unit

Est. Build costs £5.6-6Million (GBP) (£65k per unit)

Est. GDV £15 Million (GBP) (avg. £185K per unit) + up to £3 Million (GBP) for retail unit

Site value £3.6-4 Million (GBP)

Offers above £3 Million (GBP) for a quick sale

Sales fee 2%

Gravesend has links to the Ebbsfleet train station so direct fast service to London St Pancras

The proposal is as follows:

Demolish existing 6 storey office block

Build 4 new blocks (1×4 storeys, 1×5 storeys & 2×6 storeys)

86 flats (30×1 Bed, 48×2 Bed & 8×3 Bed 4 of which will be penthouses and 26 affordable units)

923m2 of mixed commercial units (A1,A2 and D)

98 car parking places

Original planning was back in 2008, but was revised in 2013. Full planning is in place.

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Manchester

Rusholme student Properties 3 Bed 2 reception terraced houses – Potential student 4 bed let

Hartington Street 3 bed property recently refurbished 2 Receptions tenants in place 12mths A £600

Cowesby Street 3 bed property recently modernised 2 double bedrooms 1 single bedroom and 2 Receptions tenanted at £600 PCM

Both properties cash purchasers only current market values £115K-£125 therefore both properties should cost £235,000 (GBP) MIN, time is of the essence and these properties will sell very quickly as both are tenanted and have been modernised.

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Doncaster

Two terraced properties in Doncaster that we can let go for £65,000 for both, one needs and update (heating system and some new windows) and one is good to go. Both 3 beds with a potential rental return of between £350-400pcm.  Brochures on request and find it’ll return minimum 14.7% gross yield…

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Widnes 

Victoria Road – Widnes – Google maps

– Estimated Value – £288,000 (based on comparable property + sq footage)

– Estimated Income – £1,670pcm (based on previous income NET of management fee)

– Offer needed – £200,000

End plot spread across 3 stories including basement and attic space.

Recently updated but minus a kitchen. 3 Rooms on the top floor. 2 reception rooms (open plan) on the first floor.

Chicken Shop on ground floor fully fitted with £60,000 worth of equipment still under warrantee.

Reason for selling, need to release some capital and previous business didn’t take off under franchise. Not to say it can’t be better managed in the future.

An alternate route may be converting the commercial aspect to residential to produce a high returning flats / bedsits depending on the sort of tenant you’re likely to attract in the area.

Closest market comparable is below, please bear in mind it is a mid unit and nowhere near the size of the premises on offer
Comparable Commercial Unit – Widnes

To enquire about any of these property deals please
telephone Mike – 07977220380

Sourcing Fees Apply

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