At Rockstar we don’t believe in taking foolish risks – and neither should you. That’s why we will only acquire development sites where full planning permission has already been granted. Not only that, but the properties will already have been ear-marked for sale.
Multi-unit acquisitions apply to both the residential and commercial sector. The acquisition of new-build luxury apartment blocks is common, particularly in well-established cities such as London, or growth hubs in the likes of Manchester, Birmingham, Glasgow and Liverpool. Then again, multi-unit acquisitions appeal to franchise companies in particular, such as restaurant chains or popular retail outlets.
Even if a void does occur, one apartment that has temporarily failed to rent out of a total of 30 doesn’t make that much dent to profit margins. Another bonus of multi-unit development is that maintenance of the property is divided between all the investors and costs very little individually. In addition, the more properties you own, the quicker you can grow that portfolio.