Mansfield, NG18 1QA | Investment Property for Sale | VES-NG18-001

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%

ADD TO FAVOURITES

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.

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 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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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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