44-Property Estate Portfolio — England Wide

Overview

A 44-property estate portfolio spread across England, held partly in personal names and partly in an SPV, offered as a whole at a guide price of £6,400,000. The book runs to around 56 lettable units across Bedfordshire, North West England, Yorkshire, the North East, the East of England and the East Midlands, with an estimated market rent of £559,260 per annum, 8.7% gross at the guide on that estimate. Address-level detail is withheld at this stage; the full schedule is available on request to qualified buyers.

Investment highlights

• 44 properties and around 56 lettable units in a single estate sale
• A guide price of £6,400,000 for the whole book
• Estimated market rent of £559,260 per annum, 8.7% gross at the guide, presented as an estimate rather than passing income
• Held over decades as one private estate and sold as one instruction
• Concentrations in Bedfordshire and the North West, with the balance across Yorkshire, the North East, the East of England and the East Midlands
• Full schedule, unit mix and structure released on request to qualified buyers

The estate

Portfolios of this size assembled by one family over a working lifetime rarely reach the market in one line. The stock is ordinary lettable housing of the kind that rents in any market. The estate is selling to conclude its affairs rather than to time the market, and a buyer acquires scale, spread and a rent base in one move.

The numbers

Guide price	£6,400,000 for the whole portfolio
Estimated market rent	£559,260 per annum, an estimate rather than passing income
Yield on the estimate	8.7% at the guide
Portfolio	44 properties, around 56 lettable units
Structure	Held partly personally, partly in an SPV, details on request
Regions	Bedfordshire, North West England, Yorkshire, the North East, East of England, East Midlands