Ashford, Surrey, TW15 2BF | Investment Property for Sale | VES-TW15-001

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%

ADD TO FAVOURITES

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

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.

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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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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