Twenty-four show homes have been acquired by Midlands-based property specialist Barberry Group in a £7 million investment.
The company has bought the homes on a sale-and-leaseback agreement with two major housebuilders. Barberry has acquired 11 show homes in Derbyshire from Avant Homes, and 13 homes from Bovis at various sites in the Midlands and the South.
Barberry director Alex Watson said: “We’re constantly looking for ways to develop our portfolio that generate a good income. We’re therefore delighted to have acquired high quality show homes at attractive sites from Avant Homes and Bovis.
“With guaranteed rental income for several years, and the prospect of increasing property values in well-regarded locations, this strategy represents a relatively low risk investment with excellent yields.”