BR Portfolio (HMO 15)


BR Portfolio (HMO 15)
Chingford, E4 6BU and Forest Gate, E7 9HL

Two freehold properties in Chingford and Forest Gate with 90 units and a total lettable area of 18,465 Sq. Ft.

General Overview:

  • Pear Tree House is a 60 units two floors care home, originally built in the 70’s and lays on a plot of land of 0.74 acres and is currently closed and undergoing a full refurbishment, which should be completed in May 2021.
  • Forest View Hotel is a 30 units three floors hotel, originally built in the 50’s, with a total leasable area of 7,297 sq.ft. and lays on a plot of land of 0.2 acres.
  • HMO is a house in multiple occupation, rented out by at least 3 people who are not from 1 ‘household’ (e.g. a family) but share facilities such as bathroom and kitchen (sometimes called a ‘house share’).
  • The Portfolio will be let to Steph & Philips who currently manage 2,316 units in the following properties: Mario Portfolio 1 and 2, Monterey Mews, 380 Lea Bridge, East London Portfolio, HMO 5, HMO 6, HMO 7, SAG HMO, HMO 8, HMO 9, HMO 11, HMO 12, HMO 13 and Atlantic portfolio. 
  • Steph & Philips is a leading provider of Social Housing accommodation across the UK, providing accommodation for over 5,152 residents since 2006. Stephen & Phillips will accommodate tenants who are supported by the various local councils, or by the government.


Location:

  • Pear Tree House is located in Chingford , a suburban district adjoining Epping Forest, a sprawling area of woods, heathland, and ponds, with trails for hikers and mountain bikers, Chingford overground station is located just 5 minutes walk with a 45 minutes journey to Central London with the overground line.
  • Forest View Hotel is located in Forest Gate, that is a residential district in east London, England, in the London Borough of Newham. Stratford station is 20 minutes walk from the Property with a 27 min journey to Central London with the Jubilee line.


Completion date: February 2021

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