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THE BRIDGE PORTFOLIO
J Excellent rental and capital growth prospects
J Located in towns with strong economic and socio-demographic links to London
Piers de WintonDirectorResidential Capital Markets – Investment020 7016 [email protected]
George Hepburne-ScottAssociate DirectorResidential Capital Markets – Investment020 7016 [email protected]
J Ongoing asset management opportunities
J 50% rental uplift for fully refurbished units with a 55% average return on cost
J Scope for significant performance enhancement
J Superb seed portfolio for PRS platform
Investment Highlights J 540 property assets
J 95% of rental income derived from residential properties
J 391 residential houses/flats
J Residential unit type split: 81% houses and 19% flats
J 97% of the assets held freehold
J Ongoing refurbishment programme since 2010
J 94% occupancy despite refurbishment programme
J Estimated rental value: £4,509,295
J Estimated realisation price with vacant possession: £95,224,485
Peter AllenDirectorResidential Capital Markets – Head of Investment020 7409 [email protected]
Town No of Units ERV ERP
Tonbridge 246 £2,772,590 £58,970,500
Tunbridge Wells 163 £1,452,985 £30,077,625
Maidstone 112 £136,120 £3,295,210
Marden 8 £74,400 £1,520,000
Crowborough 6 £100 £1,150
Borough Green 3 £35,400 £750,000
Brighton 1 £27,500 £375,000
Sevenoaks 1 £10,200 £235,000
Total 540 £4,509,295 £95,224,485
A significant residential investment portfolio in the heart of London’s commuter belt