This property provides an attractive and very stable income stream net of insurance and management costs with the benefit of a substantial Sinking Fund Reserve to contribute towards Capital Expenditure costs as required.
Potential ongoing Asset Management opportunities include:
- Piecemeal sale of the unsold flats and subsequent sale of the Freehold as a ground rent investment
- Increase rental income through new lettings and rent reviews with existing tenants
- Negotiation of a reduction in management charge with First Port