Developers offer ready-made investment packages

Residential property developers Northbeach and Thornsett Group are buying, remodelling, and refurbishing buildings to sell in their entirety, freehold. The freehold buildings, ready divided into apartments and some with commercial space, are aimed at investors who want control and flexibility over their investment.

They can choose whether to sell the individual properties, share of freehold, or rent them out, according to what best suits them. It also allows them tight control of the upkeep of the building and its communal spaces.

Prompted by a rising demand for ready-made property investment packages Northbeach, the prestigious London property developer, is selling an entire 9337 sq ft freehold building in Queens Gate Place, South Kensington London SW7 for £15m. Northbeach has developed Queens Gate Place with an international or UK investor in mind. The composition of the building and layout of the five apartments and duplexes has specifically been planned to create a diverse residential portfolio with the ease, and added value, of being located within the same freehold building.

Apartments range from a luxurious 1,087 sq ft one bedroom apartment to a four bedroom 2,853 sq ft duplex suitable for a family. For the first year, Northbeach will offer the building’s new owner a full property management service – saving some £75,000 p.a. over the cost of employing an agent to do this - as well as a 12 month guarantee for all workmanship within the development.

Thornsett Group has developed a 6500 sq ft former commercial building in Clerkenwell, London EC1. The iconic address, One Clerkenwell Green, provides 1700 sq ft of commercial space on two floors for use as office, retail or design studio use. The five apartments above are divided into three one-bedroom and two two-bedroom properties. The entire six-storey building is for sale freehold for £3 million.

Bernadette Cunningham, director at Thornsett Group, says, “To buy a freehold building in the heart of Clerkenwell is a rarity. After many years of investment and regeneration and with several successful new residential and commercial offerings, the area is established as a sought-after location. One Clerkenwell Green would be a good investment prospect for those wishing to start a Self-Invested Personal Pension (SIPP) or other form of investment trust.”

According to current values, landlords could expect an annual rent of £40,000 from the commercial premises and up to £120,000 on the residential properties. The commercial and residential space will be of the same high specification as Thornsett Group’s highly successful development Charterhouse thesq - charterhousethesq.com - located nearby on the corners of Goswell and Clerkenwell Road.