Define the brief
Start with the buyer’s objectives: location, asset type, acquisition budget, available capital, intended ownership and practical tolerance for refurbishment or complexity.
Our approach
Find the potential.
Understand the downside.
Good acquisitions begin with a clear brief and an honest view of the asset. We look beyond the headline yield to the work, costs and decisions behind it.
The process
From introduction to informed decision.
Find & filter
Review introductions and available opportunities against the brief. Asking prices, proposed rents and claimed discounts are starting points for investigation—not proof of value.
Build the assessment
Examine the available title and tenancy information, income, condition, works budget, planning position and comparable evidence. Flag gaps rather than silently filling them.
Test the assumptions
Consider acquisition costs, funding costs, operating expenses, contingencies and realistic timeframes. Examine what happens if rent, works costs, finance or the exit differs from the base case.
Progress selectively
Where a service is agreed, define roles and fees in writing. Independent solicitors, surveyors, tax advisers and other specialists undertake the work within their own remit.
Our decision framework
Four questions every asset should answer.
What creates the opportunity?
A reason grounded in the property, location, income or transaction—not simply the phrase “below market value”.
What must be true?
The assumptions that need to hold: permitted use, achievable rent, buildability, access, tenant status or funding.
What can go wrong?
The downside in money and time, including unavoidable works, voids, cost overruns and a delayed sale or refinance.
What are the alternatives?
A credible plan beyond one optimistic exit. Refinancing, letting or selling each depends on its own conditions.
The working relationship
Defined scope. Visible assumptions.
No acquisition is risk-free. The aim is to make the trade-offs understandable before a buyer commits.
- Distinguish evidence, estimates and unverified statements.
- Show the difference between gross income and income after costs.
- Explain the scope of Nula’s involvement and who is responsible for each step.
- Disclose agreed fees and relevant third-party payments.
- Keep independent legal, valuation, financial and tax advice separate.
The next step
Start with your requirements.
Tell us what you want to acquire and the decisions you need help exploring.