Opportunity to purchase an 8-unit portfolio in Mansfield generating £45,120 rent pa a 7.2% gross yield
Offers in excess of
£625,000
8-unit Portfolio
VES-NG18-001
INITIAL INVESTMENT
£184,500
Based on
deposit: £156,250
stamp duty: £18,750
mortgage fees: £1,500
conveyancing fees: £8,000
GROSS RENT
£45,120
GROSS YIELD
7.2%
The portfolio
TENURE
Freehold
NO OF UNITS
8
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
5,860
PRICE SQ FT
£107
Portfolio information
- The portfolio is made up of 8 neighbouring terraced houses comprising:
- 6 x 2-bed houses
- 1 x 3-bed house
- 1 x 4-bed house
- The properties range in size between 488 to 1,056 square feet
- EPC ratings: C, D & E
- Council tax bands: A
Rental income
All properties are fully let and generate:
- Aggregate rental income: £3,760 pcm
- Aggregate rental income: £45,120 pa
- Aggregate gross yield: 7.2%
Location information
- The properties are located just a short walk from Mansfield town centre
- Local amenities are all just a few minutes from the property
- Mansfield railway station can be reached in around 12 minutes on foot
- Easy access to the A6009
Available upon request
Portfolio breakdown EPCs for all units
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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Floorplans
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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.
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About Mansfield, Nottinghamshire
Mansfield is a market town in the county of Nottinghamshire in the East Midlands of England. This town is situated 12 miles north of Nottingham, 27 miles south of Sheffield and 32.4 miles north west of Lincoln.
This area is serviced by Mansfield railway station which is on the Robin Hood Line and is managed by East Midlands Trains. From this station there is a half-hourly service to Nottingham southbound and to Mansfield Woodhouse northbound which continues on to Workshop. There is also one daily service on Monday to Fridays from Mansfield Woodhouse direct to Norwich.
Mansfield still retains its market town history with its thriving market square that is at the heart of the commercial and retail centre. In the surrounding areas one can find museums, the Palace Theatre and a variety of restaurants, fast-food outlets, pubs, bars and nightclubs. The main shopping centre in town is the indoor Four Seasons, with over 50 retail units occupied by a selection of the nation’s favourites, phone shops and a large department store. The Rosemary Centre, which is a pedestrianised area just off the centre of town offers more retail options over its three outdoor retail parks and numerous supermarket options.
There are many big employers in Mansfield that make up some of the top companies in Nottinghamshire and are constantly recruiting people in the local area. Big employers such as Sports Direct, W&J Linney, Havelock Europa and Glenair UK all operate their businesses from locations in Mansfield.
This location could be ideal for a young family looking for schooling options for their children. A primary school in this area is Blidworth Oaks Primary School, which educates children from the ages of two to eleven. For those looking for educational institutions that cater to older children there is The Joseph Whitaker School which offers mixed-sex schooling from eleven to eighteen. Alternatively, there is an independent school called R.E.A.L that has limited spaces for children from the age of seven to nineteen.
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