PORTFOLIO
The Group's portfolio consists of the following:
RESIDENTIAL HOMES
Cristal Apartments portfolio
Coleherne Road, London (SW10)
The freehold property at 25 Coleherne Road contains ten studio flats. The total gross internal floor area of the property is approximately 3,900 sq. ft. It is a short distance away from Earl's Court underground station and West Brompton station. The property has been fully refurbished to a high standard and is operated under the walk in walk out Cristal Apartments model.
Ladbroke Grove, London (W10)
These freehold properties at 272, 282 & 284 in Ladbroke Grove comprise 16 studio, one, two and three bedroom apartments in Ladbroke Grove. The total gross internal floor area of the properties is approximately 7,590 sq. ft.
Deanery Court, Chapel Riverside, Southampton
Block B in Chapel Riverside is a new-build apartment block consisting of 27 two-bedroom apartments and 28 dedicated car parking spaces. The block is located on the waterfront in a prominent location on the west bank of the River Itchen, within walking distance of Ocean Village and the city centre. Total square footage is 19,266. Property was constructed in 2018 and is a modern, well appointed building that is also operated under the Cristal Apartments walk in walk out operating model.
RETIREMENT HOMES
Osprey portfolio
Of the seven freehold properties in the portfolio, five were developed for over-55s:
- 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.
- Heathside, London NW11 consists of 37 one and two-bedroom apartments of which 26 are occupied by long-term leaseholders and 11 are held freehold and let on an Assured Tenancy basis. This property generates rental income, ground rents and 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. The remaining freehold land is leased to the residents to provide common areas used by all occupants to access their properties.