A portfolio of PRS properties located across East Anglia avisonyoung.co.uk/15155 Conger Portfolio
A portfolio of PRS properties located across East Anglia
avisonyoung.co.uk/15155
Conger Portfolio
Location Property Tenure Units Current Annual
Rent Occupancy No. ERV
Lowestoft William Tubby House Freehold 44 £240,660 98% 1 £252,000
Lowestoft Crown Meadow Court Freehold 23 £113,340 96% 2 £124,800
Lowestoft Herivan Close Freehold 18 £108,360 100% 3 £115,860
Lowestoft Herivan Gardens Freehold 20 £121,440 100% 4 £133,080
Lowestoft Stafford Court Freehold 12 £74,760 100% 5 £78,600
Lowestoft Wensum Gardens Freehold 18 £110,340 100% 6 £113,940
Great Yarmouth Wensum Court Freehold 10 £63,816 90% 7 £70,260
Total 145 £832,716 98% £888,540
Conger Portfolio
Diverse portfolio of 145 units
located in Lowestoft and
Great Yarmouth
The portfolio benefits from a
high occupancy level of
98%
143 residential properties
and 2 commercial units Current annual rent roll of
£832,716
The properties are all held
freehold Excellent asset
management opportunities Properties are let on ASTs Lowestoft properties are age
restricted
Portfolio Summary
All assets are located in Lowestoft, Suffolk with the exception
of Wensum Court which is located in Great Yarmouth.
William Tubby House is the largest asset in the portfolio and
generates 29% of the total revenue.
Revenue by asset Unit mix
The portfolio largely consists of one and two bedroom flats.
These are primarily located in unbroken blocks in William Tubby
House, Crown Meadow Court and Wensum Court.
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William Tubby House, Swonnell’s Walk NR32 3PZ (Retirement)
Crown Meadow Court, Love Road NR32 2PG (Retirement)
William Tubby House is located in Oulton Broad, a suburb
of Lowestoft, approximately 3 miles (5km) to the west of
the town centre. Lowestoft is a coastal town in Suffolk
situated 11 miles (18 km) south of Great Yarmouth and
27.5 miles (44 km) to the south east of Norwich
The surrounding area is predominantly residential with
neighbourhood shops, hotels and pubs/restaurants.
Oulton Broad Railway Station is 0.5 miles (0.8 km) to the
east
William Tubby House lies north of the Broad and is situated
on Swonnell’s Walk
William Tubby House is a detached, five storey building
comprising 44 apartments (42 x 1 bed, 1 x 2 bed, 1 x 3
bed) and one guest suite
Residents benefit from Emergency Warden Facilities,
car parking facilities and a communal residents lounge
It was converted into residential accommodation from
an old malthouse approximately 20 years ago
Crown Meadow Court is located in East Lowestoft 0.6
miles (1 km) from the town centre
It is situated off Love Road in an established residential
area comprising a mix of older terraced housing and
bungalows
Local amenities include pubs, and restaurants, a florist
and a Tesco Metro situated 0.5 miles (0.8km) east
Crown Meadow Court comprises 23 apartments (21 x 1
bed, 2 x 2 bed) arranged over three interlinked blocks
Facilities include car parking, emergency warden
control and a security entry system
Residents benefit from a communal courtyard
Location Description
Location Description
Herivan Close, Herivan Gardens and Stafford Court, Oulton NR32 3HZ (Retirement)
Wensum Gardens, Lowestoft NR32 4UT (Retirement)
Herivan Close, Herivan Gardens and Stafford Close are
interlinked developments of one and two bedroom
flats and bungalows
They are situated in the suburb of Outlon approximately
3 miles (5 km) to the west of the town centre
They are situated off Gorleston Road. The area is
predominately residential and facilities include
neighbourhood shops and a community centre
Herivan Close, Herivan Gardens and Stafford Close
comprises 50 properties (4 x 1 bed flats, 36 x 1 bed
bungalows and 10 x 2 bed bungalows)
The properties are located on well kept, communal
grounds. They are all under single management with
one shared community room
They are situated in a quiet cul-de-sac location and
benefit from parking spaces
Wensum Gardens is situated approximately 1.5 miles
(2.4 km) to the north of Lowestoft town centre
The surrounding area is predominantly residential and in
the nearby vicinity is a church, a park and a
convenience store
Wensum Court is situated off Hollingsworth Road
Wensum Gardens comprises 27 properties (2 x 2 bed
bungalows, 16 x 2 bed flats) arranged around a central,
communal garden. The freehold interest in 9 of the
properties has been purchased by a housing association
The properties benefit from 20 car parking spaces
The flats are divided into various blocks, each with a
circulation area with stairs providing access to the first
floor
Location Description
Location Description
Wensum Court, 35 Baker Street, Great Yarmouth NR31 6QT
Wensum Court is located in Gorleston-On-Sea, Great
Yarmouth. This is a town situated approximately two
miles to the south of Great Yarmouth and 10 miles
(16km) north of Lowestoft
Gorleston-On-Sea is located 25 miles (40km) east of
Norwich
Wensum Court is situated on Baker Street,
approximately 0.1 miles (0.16km) from Gorleston town
centre
Wensum Court is a mixed use scheme comprising two
retail units on the ground floor and 8 flats (6 x 1 bed, 2 x
2 bed) over the two upper floors
Residents of the flats benefit from a secure entry system
and access to parking spaces
The tenants of the commercial units are currently a
financial services advisory company and an optician
Tenancies / Rental Income
A full breakdown of the rental income is provided in the
schedule of accommodation which is available in the
dataroom.
Each unit is let on individual assured shorthold tenancy
agreements.
Additional Information
Additional information is available within the dataroom:
congerportfolio.avisonyoung.co.uk
Location Description
Method of Sale
The properties are available as an unbroken
portfolio or as individual blocks.
Viewing
Strictly by appointment only.
The properties will be subject to block viewing
arrangements and will not be available for
viewing purposes outside these times.
To arrange a viewing please contact Imogen
Prifti.
Avison Young hereby gives notice that the information provided (either for itself, for any joint agents or for
the vendors lessors of this property whose agent Avison Young is in this brochure is provided on the
following conditions:
(1) The particulars are set out as a general outline only, for the guidance of intending purchasers and/or
lessees and do not constitute an offer or contract, or part of an offer or contract.
(2) All descriptions, dimensions and references to this property’s condition and any necessary permission
for use and occupation, and any other relevant details, are given in good faith and are believed to
be correct. However, any intending purchasers or tenants should not rely on them as statements or
representations of fact but satisfy themselves of their correctness by inspection or otherwise.
(3) No person in the employment of Avison Young, or any joint agents, has any authority to make or
give any representation or warranty whatsoever in relation to the property or properties in this
brochure.
(4) All prices quoted are exclusive of VAT.
(5) Avison Young shall have no liability whatsoever in relation to any documents contained within the
brochure or any elements of the brochure which were prepared solely by third parties, and not
by Avison Young.
For further information
please contact:
Avison Young
65 Gresham Street, London EC2V 7NQ
Avison Young is the trading name of GVA Grimley Limited. © 2019 GVA Grimley Limited
July 2019
Avison Young
65 Gresham Street
EC2V 7NQ
Contacts
Francis Sutherland
Tel: +44 (0)20 7911 2521
Mob: +44 (0)7836 511 354
Email: [email protected]
Richard Stonehouse
Tel: +44 (0)20 7911 2824
Mob: +44 (0)7799 620 823
Email: [email protected]
Imogen Prifti
Tel: +44 (0)20 7911 2784
Mob: +44 (0)7557 487 301
Email: [email protected]