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Funding
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Private Listing, BTR building in Marylebone, London, UK

London
,
United Kingdom
DEAL
001072
POSTED ON
July 22, 2020
INVESTMENT SUMMARY
IRR
4%
Multiple
NA
LTV
NA
First Year CoC
Stabilised CoC
Status
Funding
Deal #
001072
Asset Class
Residential
Strategy
Core
Capital Type
Full Stack
Deal Size
£
150.0
m
Investment Size
£
150.0
m
Holding Period
Greater London
INVESTMENT HIGHLIGHTS
  • The property is comprises a total of 12 floors with 80 self-contained apartments arranged over ground to 9th floor, and car park located on the lower ground and sub basement levels. There are also 2 commercial units located in the ground floor.
  • The building includes a total gross area of 12,343 sqm (135,704 sqf) arranged as follows: 8,188 sqm for the apartments, 1,266 sqm for communal areas, 299 sqm of commercial area and 2,588 sqm of parking space.
  • The apartments range from 1 bed to 4 beds and are of high specifications. The building enjoys 360 degrees views over London, meters away from Marylebone Station and Baker Street.
  • There is a lack of high quality competing stock in the area with a mean rental value of £73,938 per unit per annum. The property is currently managed by the owner.
  • The owner is looking to sell this property at an expected cap rate of 4% or equivalent £150m equating to an average of £1,105 ppsf.
KEY DEAL POINTS
KEY FINANCIALS
ABOUT SPONSOR
Private Deal
An off-market opportunity, details of which are available by invitation only.
FURTHER IMAGES
No Images
LOCATION
DEAL DATA ROOM
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CONTENT RESTRICTED

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INVESTMENT SUMMARY
Strategy
Core
Asset Class
Residential
LTV
NA
Deal Size
£
150.0
m
Closing
Sep 2020
Capital Type
Full Stack
Investment Size
£
150.0
m
Net IRR
4%
Multiple
NA
Holding Period
Greater London
INVESTMENT DETAILS
  • The property is comprises a total of 12 floors with 80 self-contained apartments arranged over ground to 9th floor, and car park located on the lower ground and sub basement levels. There are also 2 commercial units located in the ground floor.
  • The building includes a total gross area of 12,343 sqm (135,704 sqf) arranged as follows: 8,188 sqm for the apartments, 1,266 sqm for communal areas, 299 sqm of commercial area and 2,588 sqm of parking space.
  • The apartments range from 1 bed to 4 beds and are of high specifications. The building enjoys 360 degrees views over London, meters away from Marylebone Station and Baker Street.
  • There is a lack of high quality competing stock in the area with a mean rental value of £73,938 per unit per annum. The property is currently managed by the owner.
  • The owner is looking to sell this property at an expected cap rate of 4% or equivalent £150m equating to an average of £1,105 ppsf.
INVESTMENT HIGHLIGHTS
Funding
SUMMARY
Opportunity to acquire an 80 apartments prime residential building in Marylebone, London. The property is fully let generating £6m rental revenue per annum and the vendor is looking for £150m (4%).
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Dashboard
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Reservation
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Meeting
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