Principal Activities

A property trading company which purchases tenanted residential properties at a discount to notional vacant possession value, then sell them when they become vacant.

RESIDENTIAL PROPERTIES

The properties can remain tenanted for many years and are managed in the interim by our in-house Property Management team.

The Company trades in the following categories:

Regulated rent units (regulated assured and assured shorthold tenancies)

Life tenancy units

Ground rent units

Regulated tenancies are characterised by rental returns below market value and a high margin on sale.

The Company also deals in the acquisition of life tenancies. Although this type of trading stock has nominal rental income, the properties are bought at a greater discount to vacant possession value and also have a higher margin on sale. In addition, the maintenance of the property is usually the responsibility of the life tenant.

INVESTMENT PROPERTIES

Mountview Estates P.L.C. purchased two investment companies in 1999 namely Louise Goodwin Limited and A.L.G. Properties Limited. The purchase of these two companies represents the only significant departure from the Company’s normal activities.

The analysis of the investment portfolio as at 31 March 2010 was:

Louise Goodwin Limited50 units

A.L.G. Properties Limited11 units

All the properties are located in Belsize Park, London NW3.