Portfolio

The Group owns a property in Chelsea, London, subject to assured shorthold tenancies, and, the Osprey portfolio, predominantly occupied by long leasehold tenants.

Coleherne Road, Chelsea, London (SW10)

The freehold property at 25 Coleherne Road contains ten studio flats ranging in size from 237 sq. ft. to 419 sq. ft. The total gross internal floor area of the property is estimated at 3,976 sq. ft. The property is located to the south of the Old Brompton Road, between Finborough Road and Redcliffe Gardens. It is a short distance away from Earl's Court underground station and West Brompton station. Coleherne road is let on assured shorthold tenancies.

Osprey Portfolio

Of the seven freehold properties in the portfolio, five were developed for over 55s:

  • Heathside, London NW11 consists of 33 one- and two-bedroom apartments occupied by long term leaseholders, and, four freehold apartments. This property generates rental income, ground rents and sales commissions and the potential for lease extension premiums.
  • Osprey Court, London NW3 consists of 23 two-bedroom apartments occupied by leaseholders and one freehold apartment currently occupied by a resident manager. This property generates ground rents, service charge management fee income, sales commissions and the potential for lease extension premiums.
  • Challoner Court, Shortlands comprises 31 one and two-bedroom apartments occupied by leaseholders and one freehold apartment currently occupied by a resident manager. This property generates ground rents, service charge management fee income, sales commissions and the potential for lease extension premiums.
  • Chymedden, Newquay consists of 30 one and two bedroom apartments let on long leases and one freehold apartment occupied by a resident manager. This property generates ground rents and the potential for sales commissions.
  • Town Mill, Marlborough consists of 30 two-bedroom cottages that the residents own freehold. There is a communal building with a guest suite, residents' lounge and accommodation for the resident manager that is owned freehold. This property generates service charge management fee income and sales commissions.

Two were developed without an occupier age target.

  • Manor House Court, Old Isleworth. A development consisting of 13 houses let on long leases and 32 apartments. This property generates ground rents and the potential for lease extension premiums.
  • Millside Place, Old Isleworth. A development consisting of 28 houses owned freehold by the residents and freehold land partly used for three apartments occupied by leaseholders. The remaining freehold land is leased to the residents to provide common areas used by all occupants to access their properties and car parking. This property generates ground rents and the potential for lease extension premiums.