For Sale – Fully Let Residential Investment Portfolio

78 Apartments with Development Opportunity for 8 Additional Units

Investment Summary:

• The portfolio comprises 78 income-producing residential units and 6 commercial units across two locations, plus a fully consented redevelopment opportunity for 8 additional apartments, comprising 5 one-bedroom and 3 two-bedroom units.
• Gross income of £655,020 per annum, exclusive of VAT, providing a net income of £541,900 per annum, exclusive of VAT, after residential rates and operating costs are deducted.
• There is scope to grow this income going forwards as a number of tenancy agreements have recently being renegotiated at higher monthly rents. According to PropertyPal research residential sales prices in Derry City & Strabane have increased 4.4% in the last year while rents have increased on average by 0.8%.
• The average rent in Northern Ireland across all residential properties is currently£1,013 pcm with Derry City & Strabane currently achieving £831 pcm across all property types. (PropertyPal, Q2 2026).
• We are instructed to seek offers in excess of £7,500,000 (Seven Million Five Hundred Thousand Pounds), exclusive of VAT.
• A purchase at this level would reflect a net initial yield of 7.00% on the residential income assuming purchaser’s costs of 6.65%.
• The opportunity comprises three separate lots, which can be sold individually or as a whole. Further details are available on request.