Energiser Invts Completes Building Works At Wellingborough

15th Jun 2010 07:39

LONDON (Dow Jones)--Energiser Investments PLC (ENGI.LN), an investment company, announced Tuesday it has completed the building works at its Wellingborough, Northants development comprising 29 three bedroom houses, made up of a mix of semi-detached and terraced units, of which nine have been sold. MAIN FACTS: -The company took the decision to let the properties whilst also being marketed for open market sale and is pleased to report that all the units are now let on short hold tenancies producing a gross annual income of GBP147,000 per annum. -The company also owns a three bedroom house in Gateshead which is let on a short hold tenancy producing GBP6,600 gross per annum. -The gross rental income for Energiser is therefore currently running at GBP153,600 per annum. -The company is now looking at the possibility of increasing its property portfolio by selective acquisitions. -Shares closed Monday at 4 pence. -By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411; [email protected] (END) Dow Jones Newswires June 15, 2010 02:39 ET (06:39 GMT)