Dewsbury, WF13 1AR | Investment Property for Sale | VES-WF13-002

Opportunity to purchase a 5-unit leasehold block in Dewsbury generating £30,000 rent pa & gross yield of 7.5%

£400,000

5-unit Block

VES-WF13-002

INITIAL INVESTMENT

£118,500

Based on

deposit: £100,000

stamp duty: £12,000

mortgage fees: £1,500

conveyancing fees: £5,000

GROSS RENT

£30,000

GROSS YIELD

7.5%

ADD TO FAVOURITES

The block

TENURE

Leasehold

NO OF UNITS

5

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

3,596

PRICE SQ FT

£111

GROUND RENT

£1,000

Block information

  • The block comprises:
    • 5 x 2-bed apartments
  • Open plan lounge/kitchen
  • Each apartment has a fully fitted kitchen with:
    • Built-in stainless steel electric oven
    • Washing machine
    • Fridge-freezer
  • Each apartment has a three-piece white suite bathroom
  • EPC ratings C, D & E

Rental information

  • The block is fully let on a 5-year FRI lease to a Housing association
  • No services charges to pay until 01/01/2023
  • The monthly rental income is £2,500
  • The annual rental income is £30,000

Location information

  • The property is located in the centre of Dewsbury
  • Dewsbury railway station is less than a 5-minute walk from the property
  • The A638 and A644 can also be easily reached by anyone commuting by car

Note

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

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 Dewsbury, West Yorkshire

Dewsbury, is a minster town in West Yorkshire. Dewsbury is situated about 6.2 miles west of Wakefield, 10 miles east of Huddersfield and about 14.7 miles south of Leeds.

Lying on the eastern edge of the Pennine Hills, the once important mill town has reverted to being a charming and traditional market town with some fine Victorian architecture, although few of its cloth mills remain.

There has been much urban regeneration, and this is continuing, which has led to its development as a major retail and commercial center for the area.

For families seeking a variety of education, there are many options including Wheelwright Grammar School for Boys, Wheelwright Grammar School for Girls, Kirklees College, Batley College of Art and Design and St John Fisher Catholic Voluntary Academy to name but a few.

Croft Street,

Dewsbury,

West Yorkshire,

England,

WF13 1AR

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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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