Opportunity to purchase 50-unit block in Ashford generating £555,000 gross rent pa & 4.8% gross yield
Offers in excess of
£11,500,000
50-unit Block
VES-TW15-001
INITIAL INVESTMENT
£3,376,500
Based on
deposit: £2,875,000
stamp duty: £450,000
mortgage fees: £1,500
conveyancing fees: £50,000
GROSS RENT
£555,000
GROSS YIELD
4.8%
The block
TENURE
Freehold
NO OF UNITS
50
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
18,469
PRICE SQ FT
£623
Block information
- This is a block consisting of 50 x 1-bed apartments
- Spread over 5 floors (ground to 4th floor)
- Each apartment comes with:
- Open plan kitchen/living room
- Fully fitted kitchen and appliances
- Secure communal entrance
- Parking available
- EPC ratings of C, D & E
- Council tax band: tbc
Rental information
- The block is fully tenanted
- Aggregate monthly rental income: £46,250
- Aggregate annual rental income: £555,000
- Aggregate gross yield: 4.8%
Location information
- The block is located in the centre of Ashford
- Ashford railway station is only a short walk from the property
- There are many shops and amenities within walking distance
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
The floorplans and photos are examples of the apartments in this development. Layout and sizes will vary.
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Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Ashford, Surrey
Ashford, Surrey, lies approximately 14 miles south-west of central London, within the bounds of the M25 motorway.
The A30 dual carriageway runs north of the town connecting it to London and all the way to Lands End in Cornwall. The M25, M3 and A3 roads are all within easy reach of Ashford offering access to the wider motorway network and the surrounding area.
Heathrow airport is 3.5 miles north of Ashford and can be reached in 10 minutes by car or around 30 minutes by train.
Ashford railway station is served by South Western Railway and lies on the Waterloo to Reading Line. Ashford (Surrey) should not be confused with Ashford International railway station in Kent.
There are a number of bus routes travelling through Ashford serving the town as well as Isleworth, Kingston upon Thames and Twickenham.
Church Road offers a number of retailers as well as eateries and other local businesses. Outdoor enthusiasts can enjoy the offerings of Ashford Manor Golf Club, Bedfont Lakes Country Park, Stanwell Moor or Hythe End.
One of Ashford’s biggest employers is Heathrow Airport as well as BP International. Many of the residents also travel to work in central London or the Thames Valley.
Woodthorpe Road,
Ashford,
Surrey,
England,
TW15 2RP
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