INVESTMENT PORTFOLIO
Julia started accumulating a residential and commercial property investment portfolio in 2005 with the purchase of 78 Broomfield Road, Chelmsford, a Georgian building comprising a commercial ground floor let to Chelmsford Star Co-Operative Society Limited with 2 apartments over. This building remains part of Julia’s freehold investment portfolio and was extended upwards a few years later to add two further apartments to the investment.
At October 2020 the portfolio comprises 59 residential and 4 commercial properties with a value of around £14 million geared to 65% of GDV and producing a rent role of circa £600k pa.
Julia MacKay Properties directly manage their entire portfolio, they do not use managing agents for this service.
Chancellors Place, Chelmsford
Julia MacKay Properties own and let 3 two bed two bathroom apartments on long leases in this development.
Barley House, Barton Hamlet, Bury St Edmunds
A Julia MacKay Properties development completed in December 2018, delivering 18x1 bed apartments which have been retained for investment.
78 Broomfield Road, Chelmsford
This was our first investment and was purchased in 2005 and extended by the addition of another floor in 2010 and now comprising 4x1 bed apartments and a 1,200 sq ft commercial unit let to Chelmsford Star Co-Operative Society Limited.
The Old Bank 63 High Street, Kelvedon
This is a former Barclays Bank building purchased in 2017 and now converted to provide 4 versatile commercial units. The ground floor units are let to Kelvedon Parish Council and a kitchen design company and the top floor is occupied by JMP and DMD.
College Place, 1 Rectory Lane, Chelmsford
This is a 22 apartment freehold development by JMP completed in 2017 and substantially retained for investment – 2 of the apartments have been sold on long leases with the intention of buying them back when they next come to the market
5-6 Salmon Parade, New Street, Chelmsford
This building comprises 5 apartments over ground floor retail let to a disability equipment retailer – this property was developed in 2013 by Julia in the development company Dyer MacKay Developments Limited which she owns in equal part with her son Ben. Julia now owns all of these properties in her own name
80 Broomfield Road, Chelmsford
9 apartments
This property was purchased freehold in 2011 and was converted to apartments from an office.