Barnsley, S70 3PE | Investment Property for Sale | VES-S70-007

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%

ADD TO FAVOURITES

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.

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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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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