Horsham, RH12 3TE | Investment Property for Sale | VES-RH12-421

Rare opportunity to buy a tenanted portfolio comprised of 2 apartment blocks and 31 houses in West Sussex

£14,654,600

45 Unit Portfolio

VES-RH12-421

INITIAL INVESTMENT

£6,757,636

GROSS RENT / YIELD

£664,128 / 4.5%

NET RENT / YIELD

£514,933 / 3.5%

The portfolio

TENURE

Freehold

NO OF UNITS

45

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

43,642

PRICE SQ FT

£336

Summary

  • 31 houses and 14 x apartments across 2 freehold blocks
  • Freehold (all properties)
  • 4 x 1 bed and 10 x 2 bed apartments
  • 26 x 3-bed; 4 x 4-bed and 1 x 5-bed townhouses

Property Features

  • Video-entry phone access to flats
  • Fitted kitchen with integrated appliances
  • Stone worktops
  • Open plan kitchen/diner
  • Master bedroom with en-suite - in 2-bed units upwards

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.

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

Rental Income

GROSS RENT PER ANNUM

£664,128

Equivalent of £55,344 per calendar month (PCM).

GROSS RENTAL YIELD

4.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£514,933

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.5%

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

FULLY MANAGED OPERATING COSTS

£149,195

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

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About Broadbridge Heath, Horsham

Broadbridge Heath is a town 2 miles from central Horsham, 31 miles south-west of London which makes it perfect for commuters, 18.5 miles north-west of Brighton and 26 miles north-east of Chichester, with direct train connections to those locations.

Broadbridge Heath boasts two primary schools and a Montesory Nursery School. There are also a number of respected secondary schools and colleges in the near vicinity making this property the ideal location for a young and growing family.

Horsham boasts a number of local attractions which include Horsham park, a cinema, a retail center and a number of independent local shops amongst several major supermarkets.

There is a regular running bus service connecting to Horsham city center and to the various local schools. The M23 motorway is easily accessible from the property offering good links to other parts of the country by road. The block is a part of a wider new and modern development, which has attracted a good caliber of occupant offering a friendly community feel to the area.

Some of Horsham’s major employers are Royal & Sun Alliance, RSPCA Headquarters, Christ’s Hospital School, Kate’s Cakes, Sussex Health Care, A J Walter Aviation Ltd, Tesla Engineering Ltd, JVM Equipment Ltd and many more.

Important Note

The information contained in this website is for general information purposes only. The information is provided by Vesta Global Limited and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, properties, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Copyright © 2019 Vesta Global Limited. All rights reserved.