AEQ Management S.à r.l.
RCSL B302489 · Capellen, Luxembourg

Confidential Brief · June 2026

Wicklewood, Norfolk.
£3.65m Dual Asset Acquisition Package.

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The opportunity.

Two income-producing freehold estates in the same Norfolk village, offered together. Combined day-one income of £574,000 p.a. at a 15.7% gross yield — no capex, no fit-out, no lag. Birchwood House: turnkey with demonstrated income. Church Manor Farm: five verified income streams plus a consented development pipeline. Organic-certified Lion's Mane Phase 1 (£150k capex) adds £612k p.a. gross profit at 88% margin with a 2.9-month payback.

£574k
Day-one income p.a.
15.7%
Day-one gross yield
£1.79m
Full dev. income p.a. (package)

Two estates,
one village.

Both assets sit in NR18 Wicklewood, minutes apart. One is a pure yield play — proven income, zero development risk, turnkey from completion. The other is a value-creation play — five income streams from day one and a fully consented pipeline to £1.477m p.a. Together: immediate income stability and long-term capital growth in a single transaction.

Asset I

Birchwood House, turnkey.

Exceptional five-bedroom country residence (6,750 sqft) with five fully equipped holiday-let cottages — 11,107 sqft across six dwellings on 2.2 acres of formal lawns and orchard. Indoor swimming pool, full-size tennis court and equipped gymnasium. Previous owners demonstrated £310,000 p.a. operating part-time; professional full-year management targets £300k from the five cottages alone.

18.8%
Day-one yield
£310k
Income p.a.
£2.48m
Cap @ 8×
Asset II

Church Manor Farm, value creation.

Income-producing rural estate on 13 acres: licensed 250-capacity wedding barn, Class Q barn consent (400 sqm), 257-panel solar consent, 10-unit glamping land and an A-rated 3,500 sqft residence. Five verified income streams produce £264,000 p.a. from day one — zero capex required — with a consented pipeline to £1.48m p.a. at full deployment.

13.2%
Day-one yield
£264k
Income p.a.
£14.3m
Cap @ 8×

One village, two complementary assets.

Both estates are in NR18 Wicklewood, minutes apart — one local management operation serves both, with shared marketing, combined exclusive-hire and wedding packages, economies of scale and cross-referral that single-asset buyers cannot replicate. Proximity also enables a shared Lion's Mane distribution operation serving both properties. Birchwood is a pure yield play: proven income, zero development risk, turnkey from completion. Church Farm is a value-creation play: a consented pipeline with organic-certified Lion's Mane Phase 1 (£150k capex, 2.9-month payback) as the highest-ROI layer on the entire estate. A combined £3.65m offer gives both vendors a clean, simultaneous exit — package acquirers command pricing leverage and terms unavailable to single-asset bidders.

i.

Acquisition

£3.65m combined day one — Birchwood £1.65m, Church Farm £2.00m. £574k verified income across both estates from completion; zero capex required.

ii.

Value-add

Consented pipeline at Church Farm — solar (£205k), glamping (£300k), barn suites (£680k), organic Lion's Mane Phase 1 (£150k) — adds £1.213m p.a. Solar and glamping consents granted: zero planning risk on Phases 1–2.

iii.

Operate or exit

Day-one 15.7% gross yield rising to 53.6%+ on all-in cost at full development. Package income £574k rising to £1.79m+ p.a. Cap @ 8× implies £14.3m combined against £3.65m entry.

Edge: both assets sit in the Wymondham College catchment — the UK's top-performing state boarding school — driving year-round demand from relocating families, independent of seasonal tourism cycles. 15 minutes from Norwich via the A11. Ultrafast FTTP, very low flood risk, freehold.

Two estates, in detail.

The complete package. All figures from vendor accounts and verified income streams — package economics summarised at the end of this brief.

Asset ICountry · Turnkey yield

Birchwood House, Wicklewood, Norfolk.

  • Acquisition: £1.65m freehold (asking OIRO) at High Oak Road, NR18 9QP — five-bedroom country residence (6,750 sqft) with five fully equipped holiday-let cottages (13 beds, 4,357 sqft): 11,107 sqft total across six dwellings on 2.2 acres of formal lawns and orchard.
  • Amenities: indoor swimming pool (52×37 ft), full-size tennis court and equipped gymnasium — supporting group bookings, weddings and exclusive estate hire at £10k–£20k per weekend (upside not in base case).
  • Income: previous owners demonstrated £310,000 p.a. operating part-time — £160k from the five cottages and £150k from the main house as a short-let. A professionally managed full-year operation targets £300k from the five cottages alone, without main house letting.
  • Day one: fully operational from completion — zero capex, no fit-out, no lag. Demonstrated yield of 18.8% on the £1.65m ask; cottage portfolio targets £162k–£220k p.a. across The Stag, The Mallard, Hedgehog Lodge, Woodpecker and The Fox.
  • Value: cap @ 6× demonstrated income = £1.86m and cap @ 8× = £2.48m vs the £1.65m ask; main house worth c.£900k–£1.1m standalone. EPC D (main house) / C (holiday lets) · ultrafast FTTP · very low flood risk · freehold.
£1.65m
Acquisition
18.8%
Day-one yield
£310k
Income p.a. (day one)
£2.48m
Cap @ 8×
2.2 acres
Site
£450k+
Full potential p.a.
Asset IICountry · Five income streams

Church Manor Farm, Wicklewood, Norfolk.

  • Acquisition: £2.00m freehold at Wicklewood NR18 9QH — income-producing rural estate on 13 acres with a licensed 250-capacity wedding barn, Class Q barn consent (400 sqm · 10 units), 257-panel solar consent, 10-unit glamping land and an A-rated 3,500 sqft residence.
  • Income: five verified streams producing £264,000 p.a. from day one — weddings £120k · Simply Pure £100k · Airbnb short-let £30k · wind £8k · solar £6k. Zero capex required; 13.2% day-one yield on £2.00m.
  • Pipeline: solar 241 panels (£205k · +£108k p.a. · 52.7% ROI) · glamping 10 units (£300k · +£118k p.a. · 39.2% ROI) · barn suites 10 rooms (£680k · +£375k p.a. · 55.1% ROI) · organic Lion's Mane Phase 1 (£150k · +£612k p.a. GP · 408% ROI). Total £1.335m capex adds £1.213m p.a.
  • Organic Lion's Mane: £150k capex builds 400m² producing £58k/month revenue (£697k p.a.) at 88% gross margin — £612k p.a. gross profit with a 2.9-month payback. Soil Association certified (£4,500/yr): £22–35/kg fresh vs £6–8 commodity, dried powder £110/kg; UK functional mushroom retail grew 73% in 2023–24.
  • Full development: £1,477,000 p.a. income · 53.6%+ yield on all-in cost (£3.335m) · cap @ 5× = £7.39m (2.22× MOIC) · cap @ 8× = £14.3m (4.29× MOIC). Solar and glamping consents secured — zero planning risk Phases 1–2.
£2.00m
Acquisition
13.2%
Day-one yield
£264k
Income p.a. (day one)
£2.11m
Cap @ 8×
13 acres
Site
£1.48m
Full potential p.a.

The £3.65m package, at a glance.

The two estates together produce £574,000 of verified income from day one — a 15.7% gross yield on the £3.65m combined acquisition, with zero capex required. Deploying Church Farm's fully consented £1.335m development pipeline takes package income to £1.79m+ p.a. — a 53.6%+ yield on all-in cost — with organic-certified Lion's Mane Phase 1 alone returning its £150k capex in 2.9 months.

Capital committed (day one)

£3.65m
Combined acquisition
  • Birchwood House£1.65m
  • Church Manor Farm£2.00m
  • Day-one capex requiredNone

At full development

£14.3m
Cap @ 8× combined
  • Package income£1.79m+ p.a.
  • Yield on all-in cost53.6%+
  • Church Farm MOIC @ 8×4.29×

Day one, both estates

£574k
Combined income p.a.
15.7%
Gross yield on £3.65m
£612k
Lion's Mane GP p.a. (Ph. 1)

Figures from vendor accounts and verified income streams across both estates. Birchwood: £310,000 p.a. demonstrated by previous owners operating part-time (£160k cottages, £150k main-house short-let); professional full-year target £300k from the five cottages alone. Church Farm: £264,000 p.a. across five verified streams (weddings £120k, Simply Pure £100k, Airbnb £30k, wind £8k, solar £6k). Full-development figures assume the consented pipeline is deployed: solar £205k capex (+£108k p.a., 52.7% ROI), glamping £300k (+£118k p.a., 39.2% ROI), barn suites £680k (+£375k p.a., 55.1% ROI) and organic Lion's Mane Phase 1 £150k (+£612k p.a. gross profit at 88% margin, Soil Association certified). Solar and glamping consents already granted — zero planning risk on Phases 1–2. Capital at risk; figures are indicative, not guaranteed.

The package case.

The deal

  • AssetsTwo freehold estates, NR18 Wicklewood
  • Combined acquisition£3.65m day one
  • Day-one income£574,000 p.a. · 15.7% gross
  • Full dev. income£1.79m+ p.a. · 53.6%+ on all-in
  • Development capex£1.335m phased — zero day one
  • Cap exit£14.3m combined @ 8×

Why both together

  • Income resilience6 diverse income streams
  • Shared geographyMinutes apart — one management operation
  • Risk profilesTurnkey yield plus consented value creation
  • Negotiating leverageClean simultaneous exit for both vendors
  • Highest-ROI layerOrganic Lion's Mane Ph. 1 — 408% ROI
  • TenureFreehold · very low flood risk · ultrafast FTTP

Figures sourced from the Wicklewood dual asset package brief (June 2026). This page is a confidential marketing summary for discussion purposes only and does not constitute an offer or solicitation. Capital at risk.

Capital at risk. Past performance does not guarantee future results. For professional investors only.