London & Bromley | Investment Property for Sale | VES-SE1-004A

Opportunity to purchase a 10-unit portfolio generating £237,336 gross rent pa & 4.8% gross yield

£4,908,000

10-unit Portfolio

VES-SE1-004A

INITIAL INVESTMENT

£1,385,740

Based on

deposit: £1,227,000

stamp duty: £147,240

mortgage fees: £1,500

conveyancing fees: £10,000

GROSS RENT

£237,336

GROSS YIELD

4.8%

ADD TO FAVOURITES

The portfolio

TENURE

Leasehold

NO OF UNITS

10

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

7,135

PRICE SQ FT

£688

GROUND RENT

£90

SERVICE CHARGE

£8,669

Vendor is open to selling individual properties

A portfolio of very well finished properties in great hotspots of central London, attracting young professionals working in the city. The portfolio as a whole is generating excellent and stable returns.

Portfolio summary

  • 8 leasehold apartments comprising of:
    • 2 x 1-bed apartments
    • 5 x 2-bed apartments
    • 1 x 4-bed apartment
  • 1 leasehold terraced house
    • 1 x 3-bed house
  • 1 freehold terraced house
    • 1 x 3-bed house

Rental information

  • Fully let
  • Current monthly rental income £19,778

Locations

This portfolio is spread over London in the following locations:

  • 1 x unit in Bromley
  • 7 x units in Southwark

Available upon request

  • Portfolio breakdown
  • EPCs for all units
  • Leasehold information per unit

Note

Please note that Vesta has not visited the properties and that all material has been provided by the vendor.

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 London Borough of Southwark & Bromley

London Borough of Southwark

The London Borough (LB) of Southwark is in south London on the River Thames and is the oldest part of south London.

Southwark borders with the City of London and the LB of Tower Hamlets in the north, the LB of Lambeth in the west, the LB of Lewisham to the east and the LB of Bromley in the south.

The borough has very good transport connections with several bridges and tunnels crossing the river Thames, several A-road leading through as well as access to the underground lines for Bakerloo, Jubilee and Northern Line servicing 7 stations. There are also 6 London Overground stations as well as 12 railway stations and 4 Thames Clippers riverbus piers within the borough.

One can find many famous landmarks located within Southwark too including Tower Bridge, Millennium Bridge, London Bridge, The Shard, the Tate Modern art gallery, Shakespeare’s Globe Theatre, the Imperial War Museum, City Hall and Borough Market to name a few.

There are around 610 acres of public parkland in the LB of Southwark which are made up of over 130 green spaces including Dulwich and Southwark Park as well as many sports grounds and squares.

The area is also home to a number of educational establishments such as the London South Bank University with its main site in Elephant and Castle, the University of Arts London which has 2 colleges in the borough. Europe’s largest university teaching hospital King’s College London is also located in Southwark at the Guy’s Hospital site, merging the teach of Guy’s, St Thomas’ and King’s College Hospitals.

Bromley

Bromley is a suburban town of the London borough on Bromley, in the southeast of Greater London, it is situated 9.3 miles southeast of Charing Cross.

The Bromley area is served by two rail stations, the primary station being Bromley South that resides in the town centre and Bromley North. Bromley South’s services are mainly operated by Southeastern and one line is run by Thameslink. Typical off-peak services from Bromley South offer 4 trains per hour (tph) non-stop to London Victoria, 4 tph to London Victoria via Herne Hill, 4 tph to Orpington and 2 tph to West Hampstead via Catford as well as other destinations.

Bromley town centre was one of the major metropolitan centres identified in the London Plan, it is home to a large retail area, that includes a pedestrianised High Street and the main shopping mall The Glades. The Glades is filled with various familiar high street brands and in the surrounding areas there’s a wide selection of restaurants, bars and pubs.

What makes us different?

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Questions?

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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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