The Company is seeking to acquire residential property to provide investors with regular and stable long-term quarterly dividends, as well as potential for capital growth over the medium and longer term. Regionally based assets will be acquired to create a portfolio of low-capital value, high-yielding, residential properties across England & Wales.
Target properties will have a Net Initial Yield (NIY) of 5%+. When purchasing small residential blocks, it is proposed that these properties will be bought at a discount to break-up value of up to 20%. Both existing residential stock and new build will be purchased, and in the vast majority of cases will be fully let and income producing.
Properties will be purchased in locations with known strong rental demand so voids can be minimised. Once purchased, a planned maintenance program will be put in place, if required, to maintain the buildings and individual properties contained within and to ensure that the properties achieve appropriate standards of modernity and desirability, reduce voids, and ensure the best possible rental levels relative to initial purchase price and ongoing expenditure.