IntroductionToAnnington-2019-web - Page 8



Introduction to Annington 2019
PORTFOLIO OVERVIEW
DUE TO ITS SIZE, ANNINGTON IS WELL PLACED TO TAKE ADVANTAGE OF THE
STRUCTURAL SUPPLY-DEMAND IMBALANCE IN THE UK HOUSING MARKET
08
Married Quarters Estate Portfolio
Private Rented Portfolio
Properties
• c.39,000 homes leased to the MoD
• c. 1,800 homes owned and rented
to the general public, the MoD and
housing associations3
Activity
The core business:
• Provision of Service Family
Accommodation (‘SFA’)
• Refurbishment and sale or rent of
properties released by the MoD
(18,889 released to date) 1, 2
Lease length
• 200-year lease - 177 years unexpired
• Assured shorthold tenancies
& flexible leases
Lease type
• Repairs and maintenance paid by
tenant
• Repairs and maintenance paid by
tenant or landlord
Passing rent
• £180m1
• £387 / unit / month 2
• £16m 1
• £848 / unit / month 1
Value
• Vacant Possession Value of £9,128m 1,2
• Property Fair Value of £7,209m 1
• Property Fair Value of £410m 1
1. As at 31 March 2019 (Annington Limited Report and Accounts)
2. MQE, Surplus Estate and Related Assets
3. Incudes 256 units under developement
• Residential investment portfolio
• Properties rented on market terms
both individually and in bulk
| Annington Limited Introduction to Annington 2019
| Annington Limited Introduction to Annington 2019
SCALE AND DIVERSITY
09

Paperturn



Powered by


Full screen Click to read
Paperturn flipbook system
Search
Overview
Download as PDF
Print
Shopping cart
Full screen
Exit full screen