Biggleswade, SG18 0JS | Investment Property for Sale | VES-SG18-001

Opportunity to purchase a 3-unit block in Biggleswade expected to generate a net yield of 5.9%

£800,000

3-unit Block

VES-SG18-001

INITIAL INVESTMENT

£238,500

Based on

deposit: £200,000

stamp duty: £34,000

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£46,800

GROSS YIELD

5.9%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

2,207

PRICE SQ FT

£362

Block information

  • The block is being converted into 3 x 3-bed apartments
  • Each apartment will comprise:
    • 3 x bedrooms
    • 1 x shared bathroom
    • Open-plan kitchen/living room
  • Comes with 3 parking spaces
  • EPC ratings: tbc
  • Council tax bands: tbc

Rental information

  • The property is fully let on a 5-year FRI lease ending in 2027 with the option to extend
  • The rent is guaranteed CPI linked
  • Monthly rental income: £3,900
  • Annual rental income: £46,800
  • The displayed gross rent and gross yield are reflecting the net amounts; we are unable to display net figures at present

Location information

  • The property is located in the centre of Biggleswade
  • All local amenities are just a short walk away
  • Biggleswade railway station is a 6-minute walk from the property
  • Popular London commuter town with trains to Kings Cross St Pancras taking 44 minutes
  • Easy access to the A1

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

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 Biggleswade, Bedfordshire

Biggleswade is a market town in Bedfordshire in the East of England. It lies around 12 miles south-east of Bedford, 21 miles south-west of Cambridge and 10 miles north of Letchworth Garden City.

The A1 bypasses Biggleswade connecting it to London and Edinburgh, the B1040 road leads to Potton and St Ives whilst the B659 leads to Langford and Henlow.

Biggleswade railway station is on the East Cost Main Line. Regular Thameslink services on the Great Northern Route travel to Horsham via London Bridge, Redhill and Gatwick Airport. Great Northern train services run between London King’s Cross or Moorgate to Peterborough.

Some of the local attractions include Jordans Mill, Old Warden Aerodrome (hone of the Shuttleworth Collection of historic aeroplanes), The Swiss Garden in Old Warden Park and The Lodge RSPB nature reserve.

The main shopping area in town include the Market Place, the High Street and Hitchin Street. There is also a 20-unit retail park just outside of town. The Charter Market is held every Saturday and offers a variety of stalls selling fresh food, plants, gifts, clothing, household items and more. There is also a Tuesday market which is held in the same place, Market Square, and offers a smaller variety of stalls compared to the Saturday market.

Education in Biggleswade is provided by a three-tier education system, including lower schools, middle schools, Stratton Upper school and a sixth form college. There are also two Church of England Voluntary controlled schools as well as Ivey Valley School which caters for children with moderate to severe learning difficulties.

The local economy is largely dominated by the following sectors: wholesale, retail and vehicle repairs, manufacturing, construction, human health and social work and education. In May 2022 the Co-op Food Group opened a regional distribution centre providing a large number of local jobs. And of course Jordans a manufacturer of breakfast cereals and cereal bars is still based in Biggleswade.

Church Street,

Biggleswade,

Central Bedfordshire,

England,

SG18 0JS

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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.

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