A Bankrupt’s Interest in a Portfolio of Residential Rental Properties in the London Area

30 Sep

Stephen Hunt, acting as Trustee in Bankruptcy of an estate, wishes to invite offers for the estate’s interest in 48 properties with an estimated value of £16m and an estimated equity of £5m.

No information is currently available for the amount of rent receivable on the properties but information is available on the approximate market value of each and the level of charges secured on each property.  The Trustee wishes to invite offers on the basis that creditors have agreed that a disposal of the bankrupt’s rights at this stage is preferable to the Trustee incurring the costs of securing the properties and establishing the nature and status of each tenancy.

Please apply by email to frank.turnbull@griffins.net for further information.

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