- Opportunity to acquire a residential portfolio of three properties providing specialist supported accommodation in the South West.
- Ideally located in attractive areas of Pawlett, Weston-Super-Mare, and Eastington.
- Comprising 8,568 SQ FT (795 SQ M) GIA.
- All three properties are let on an identical 20-year FRI lease to Westmoreland Supported Housing Limited, with annual CPI-based rent reviews on 1 April each year, capped at 4%.
- Rent received £184,817 per annum. (Based on January 2026 topped-up rent).
- All leases expire December 2041 (16 years unexpired) with a landlord option for the tenant to take a new 20-year lease at expiry (36 years unexpired term).
- Fully underpinned by vacant possession values.
PROPOSAL
Guide Price £2,317,000 (Two Million Three Hundred and Seventeen Thousand Pounds) subject to contract, excluding VAT. A purchase at this level would reflect a Net Initial Yield of 7.5%
