Opportunity to purchase a 14-unit block in Barnsley generating £83,160 rent pa & gross yield of 6.9%
£1,200,000
14-unit Block
VES-S70-007
INITIAL INVESTMENT
£351,500
Based on
deposit: £300,000
stamp duty: £36,000
mortgage fees: £1,500
conveyancing fees: £14,000
GROSS RENT
£83,160
GROSS YIELD
6.9%
The block
TENURE
Freehold
NO OF UNITS
14
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
6,772
PRICE SQ FT
£177
Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the blocks individually.
Block information
- Spread over three floors (basement to first floor)
- Comprising of:
- 10 x 1-bed apartments
- 4 x 2-bed apartments
- EPC ratings D
Rental information
- Aggregate monthly rental income: £6,930
- Aggregate annual rental income: £83,160
- Aggregate gross yield: 6.9%
Location information
- The property is located in the Stairfoot area of Barnsley
- Barnsley town centre is about 2 miles from the property
- The town centre can be reached by bus in less than 20 minutes or by car in around 10 minutes
- Barnsley railway station is around 2.4 miles from the property
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
The floorplans are example of one of the 1-bed apartments in this development. Layout and sizes will vary.
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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.
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 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.
Doncaster Road,
Barnsley,
South Yorkshire,
England,
S70 3PE
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