THE BRIDGE PORTFOLIO - Savillspdf.savills.com/documents/The-Bridge-Portfolio.pdf · THE BRIDGE...

2

Transcript of THE BRIDGE PORTFOLIO - Savillspdf.savills.com/documents/The-Bridge-Portfolio.pdf · THE BRIDGE...

Page 1: THE BRIDGE PORTFOLIO - Savillspdf.savills.com/documents/The-Bridge-Portfolio.pdf · THE BRIDGE PORTFOLIO J Excellent rental and capital growth prospects J Located in towns with strong
Page 2: THE BRIDGE PORTFOLIO - Savillspdf.savills.com/documents/The-Bridge-Portfolio.pdf · THE BRIDGE PORTFOLIO J Excellent rental and capital growth prospects J Located in towns with strong

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