35 High Quality Properties Throughout Huddersfield
Easily Let, High Demand For Student Accommodation
Established Over Many Years
Very Realistically Priced
A Highly Valuable Opportunity - Not To Be Missed
Blacks Brokers are delighted to bring to the market this simple high value property acquisition opportunity. This extensive portfolio situated throughout the West Yorkshire university town of Huddersfield comprises some 35 residential properties of between 2 and 4 letting rooms, predominantly catering for the substantial and ever expanding student market.
Our client has carefully and thoughtfully grown his portfolio over a period of 18 years since 1998, capitalising on the significant opportunities that exist within the area for a portfolio of this quality and type. Offered for sale at this very realistic asking price which includes significant equity to the benefit of the purchaser, with the addition of a very high annual income generated by the business model.
This opportunity offers real and considerable potential for further development which, due to the size of the portfolio, the letting of individual rooms is handled by a variety of lettings agents who, in order to ensure consistency of occupancy, are not achieving the most beneficial rental yields. With the university planning to increase by a further 4,000 students throughout 2016 and beyond adding to the 23,000 already in residence, it is clear that the rental yields already achieved could be increased.
Furthermore, the substantially increasing asset value of the large portfolio of properties should be considered, with a capital appreciation in residential property values in the Huddersfield area forecast at approximately 8%, this would boost the current rental income of £315,000 by approximately a further £90,000.
It is also worthy of note that funding is in place for the properties to an approximate figure of £3,000,000. These mortgages are in the name of the Ltd company with the liability to be set against 100% of the issued share capital. Therefore, it is anticipated that the purchaser will assume this funding, subject to agreed guarantees.
Any interested parties wishing to acquire financial information along with the specific information of each property included within the portfolio, can be provided with this once the vendor has met with them
This portfolio is offered for sale in order to allow our client to concentrate on other business interests. Therefore, creating this fantastic opportunity to acquire this high quality and extensive property portfolio. It is extremely rare for such an opportunity to be seen on the open marketplace. Therefore, early viewing is highly recommended.
Location Details: Huddersfield
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