Nationwide | Investment Property for Sale | VES-DL1-001

Opportunity to purchase a nationwide portfolio of 570 units generating £3,506,667 rent pa

£46,200,000

570-unit Portfolio

VES-DL1-001

INITIAL INVESTMENT

£13,507,500

Based on

deposit: £11,550,000

stamp duty: £1,386,000

mortgage fees: £1,500

conveyancing fees: £570,000

GROSS RENT

£3,506,667

GROSS YIELD

7.6%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

570

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

231,867

PRICE SQ FT

£199

Portfolio information

  • Ready-made portfolio of 9 blocks in 4 counties
  • Total of 570 units comprising:
    • 76 x studio apartments
    • 450 x 1-bed apartments
    • 42 x 2-bed apartments
    • 2 x 3-bed apartments

Location information

The properties are spread over 4 counties:

  • 39 x properties are located in County Durham
  • 68 x properties are located in Lancashire
  • 292 x properties are located in South Yorkshire
  • 171 x properties are located in West Yorkshire

Rental income

  • At the time of listing 14 units are vacant
  • When fully let the:
    • Aggregate rental income pcm: £292,222.26
    • Aggregate rental income pa: £3,506,667.12
    • Aggregate rental yield: 7.6%

Available upon request

  • Portfolio breakdown
  • EPCs for all units

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 County Durham, Lancashire, South & West Yorkshire

County Durham

Durham is a county in the north east of England, bordering Tyne & Wear to the north-east, Northumberland to the north, Cumbria to the west and North Yorkshire to the south. The county town is the cathedral city of Durham and the largest settlement Darlington. County Durham’s economic history centred around the growth of the mining industry and agriculture. In recent years the main sources of industry are associated with Agriculture, hunting, forestry, Industry including energy and construction and finally service activities. This county is also home to the third oldest university in the country; Durham university.

Lancashire

Lancashire is a ceremonial county in the north west of England and its administrative centre is Preston. Today it borders Cumbria in the north, Greater Manchester and Merseyside to the south and North and West Yorkshire to the east and the Irish Sea to the west. Lancashire is made up of 12 districts, which include City of Preston, City of Lancaster, Burnley and Blackpool. Historically Lancashire was a major centre for industries such as coal mining, textile production (cotton), and fishing. Since 2013 the largest private sector industry is defence with BAE Systems Military Air solutions based here. Other defence companies include BAE Systems Global Combat Systems, Ultra Electronic and Rolls-Royce. Other large companies in Lancashire include Crown Paints, Enterprice plc, Holland Pies, Thwaites Brewery and Fisherman’s Friend.

South Yorkshire

South Yorkshire is a metropolitan county in the north of England that consists of four metropolitan boroughs Barnsley, Doncaster, Rotherham and Sheffield. This county lies on the east side of the Pennines, it borders Derbyshire to the west and south-west, West Yorkshire to the north-west, North Yorkshire to the north, the East Riding of Yorkshire to the north-east, Lincolnshire to the east and Nottinghamshire to the south-east. The area is serviced by Doncaster Sheffield Airport, one of the two airports in Yorkshire. It is located 3 miles south-east from Doncaster town centre and 19 miles east of Sheffield. This airport operates to many domestic and European locations and is the 15th busiest airport in the UK.

West Yorkshire

West Yorkshire is a metropolitan county in the north of England. It is made up of five metropolitan boroughs which are the City of Bradford, Calderdale, Kirklees, City of Leeds, and City of Wakefield. This county is bordered by Derbyshire to the south, Greater Manchester to the south-west, Lancashire to the north-west, north Yorkshire to the north and east and south Yorkshire to the south and south-east. West Yorkshire is home to Leeds Bradford Airport, situated 6.9 miles northwest of Leeds city centre and 9.2 miles from Bradford City Centre. It is the largest airport in Yorkshire and serves the cities of Leeds and Bradford as well as the surrounding areas. This region is historically associated with several traditional industries. Leeds, Bradford and Halifax mostly associated with the development of woollen mills and other coal mining areas. In more contemporary times Leeds has attracted investment from several financial institutions in an attempt to transform the city into the financial centre it is recognised as today.

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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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