Dudley, DY1 4AE | Investment Property for Sale | VES-DY1-024

Rare opportunity to buy a 24-unit tenanted portfolio generating 5.5% yield in Dudley, West Midlands

£2,741,640

24 Unit Portfolio

VES-DY1-024

INITIAL INVESTMENT

£1,226,005

GROSS RENT / YIELD

£149,760 / 5.5%

NET RENT / YIELD

£89,050 / 3.2%

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The portfolio

TENURE

Leasehold

NO OF UNITS

24

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

15,501

PRICE SQ FT

£177

SERVICE CHARGE

£25,978

Portfolio Overview

  • Total No. of Units: 24 x flats
  • 19 x 2 beds and 5 x 1 beds
  • Units spread across 2 blocks: 19 units @ Page's Croft & 5 units @ Aldeney Close
  • Leasehold properties
  • Aggregate rent: £12,480 pcm; £149,760 pa
  • Ground Rent: Peppercorn
  • Tenancy types: ASTs
  • Low voids
  • Long-term tenants

Floorplan Dimensions

The Neptune

Kitchen / Living Room 22' 4" x 13' 1 Bedroom 1 (excl. wardrobe) 11' 8" x 8' 11" En-suite 5' 10" x 5' 3" Bedroom 2 12' 0" x 6' 4"

The Kniver

Kitchen/Living room 22' 4" x 13' 11" Bedroom 1 13' 4" x 11' 5" En-suite 8' 2" x 4' 10" Bedroom 2 11' 11" x 10' 8" Bathroom 7' 0" x 6' 1"

The Himley

Kitchen/Living room 18' 10" x 12' 10" Bedroom 14' 3" x 9' 4" Batrhoom 7' 8" x 6' 2"

Available on request

  • Portfolio Breakdown
  • Unit Leasehold Details
  • EPCs for all units
  • Unit Documentation

All leasehold details are based on information supplied by the vendor and should be verified by the purchaser’s solicitor.

Vesta have not visited the property and the materials have been provided by the vendor.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

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Rental Income

GROSS RENT PER ANNUM

£149,760

Equivalent of £12,480 per calendar month (PCM).

GROSS RENTAL YIELD

5.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£89,050

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.2%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£60,710

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Dudley, West Midlands

Dudley is a large town in the county of West Midlands, 6 miles south-east of Wolverhampton and 10.5 miles north-west of Birmingham.

There are multiple travel options from this property and Tipton station is conveniently only a 20-minute walk away. This train station is served by West Midlands Railway and runs services between Wolverhampton and Walsall via Birmingham. During the week there are two services every hour that run in each direction. There are also bus links to the neighbouring towns of Tipton, Walsall, Wolverhampton, Birmingham, West Bromwich and many more. The closest bus stop being less than 100m from this property, making it very easy to travel around the surrounding region.

This area of the Black Country is very rich in cultural attractions that are in walking distance such as the Black Country living Museum, Dudley Castle and Dudley Zoological Gardens. Slightly further down the road from this property is Castlegate Business Park which offers a broad range of retail stores, restaurants and a cinema. There are further retail options in town via the Merry Hill Shopping Centre & Churchill Shopping Centre which are packed with options and is known as the commercial centre.

The town of Dudley has much to offer in terms of work opportunities with in the town, some of the biggest employers in the local area include Mitie, Interserve, the NHS, DMBC and Rentokil Initial. Dudley is fortunate to being only a short half an hour drive from Birmingham via the A457, and so this opens up many opportunities for potential commuters looking for jobs in the neighbouring town.

What makes us different?

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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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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