Opportunity to purchase a 95-unit block in Barnsley generating £552,720 rent pa & gross yield of 7.5%
£7,350,000
95-unit Block
VES-S70-011
INITIAL INVESTMENT
£2,154,500
Based on
deposit: £1,837,500
stamp duty: £220,500
mortgage fees: £1,500
conveyancing fees: £95,000
GROSS RENT
£552,720
GROSS YIELD
7.5%
The block
TENURE
Freehold
NO OF UNITS
95
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
35,512
PRICE SQ FT
£207
Block information
- Office to residential conversion
- Spread over five floors (ground to fourth floor)
- The block comprises:
- 95 x 1-bed apartments
- Each apartment comes with:
- lounge/kitchen/bedroom
- bathroom
- There are 25 car parking spaces
- EPC ratings C
- Council tax band: A
Rental information
- The block is fully let, generating:
- Aggregate monthly rental income: £46,060
- Aggregate annual rental income: £552,720
Available upon request
- EPCs for all units
- Block breakdown
- Full floorplans
Location information
- The property is located just outside Barnsley town centre
- All local amenities are just a short walk away
- Barnsley railway station is a 13-minute walk away
- Easy access to the local road network and to the M1 via Junction 37
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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REQUEST BLOCK DETAILS
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.
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About Barnsley, South Yorkshire
Barnsley is a large town in South Yorkshire situated halfway between Leeds and Sheffield accessible via junctions 36, 37 and 38 of the M1 motorway. The town center lies on the west bank of the Dearne Valley, offering stunning surroundings.
Barnsley is a characterful town in the heart of Yorkshire, offering a variety of entertainment opportunities such as The Parkway Cinema complex, rich history reflected in the historic buildings and events in the Cannon Hall and leisure and sports facilities.
Some of Barnsley’s big employers are Asos, global manufacturer Esco, Warwick Ward Ltd, XPO Logistics, Barnsley Council and many more.
Heelis Street,
Barnsley,
South Yorkshire,
England,
S70 1FA
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