An exceptional opportunity to acquire a substantial residential portfolio comprising 19 self-contained flats, offered as a single lot. This asset presents a compelling blend of immediate income generation and significant asset management potential, ideal for investors seeking both yield and capital growth.
The portfolio currently produces income from 11 tenanted units, delivering a stable baseline revenue stream. The remaining 8 units are in the final stages of a comprehensive renovation programme, offering a clear pathway to enhanced rental performance and full stabilisation.
Importantly, the current income reflects approximately 50% occupancy, presenting a rare opportunity to acquire at a stage where the majority of value creation remains ahead. Upon completion of refurbishment works and full letting, the portfolio is expected to achieve a materially higher gross rental yield.
The renovated units have been upgraded to a strong lettable standard, aligning with modern tenant expectations and supporting premium rental values. Once fully operational, the portfolio will offer a well-balanced mix of income security and growth.
Key Highlights:
19 residential flats sold as a single portfolio
11 income-producing units currently let
8 units nearing completion of refurbishment
Income currently reflective of partial occupancy
Significant reversionary potential upon full letting
Asset management and yield optimisation opportunity
This is a turnaround-to-stabilised investment play, suited to investors looking to capitalise on leasing-up opportunities and rental uplift in the short to medium term.
Further financial information, tenancy schedules, and refurbishment details are available upon request.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.
Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.
Verified as Leasehold with 483 years on lease
Property Tenure documentation has been provided to Let Property and has been Verified.
EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
EPC documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.
Council Tax Band: A
Interactive street-level view of the property location and surrounding area.
