Nationwide | Investment Property for Sale | VES-HR1-004

Opportunity to purchase a 116-unit portfolio generating £664,220 rent pa & 6.9% gross yield

£9,339,029

116-unit Portfolio

VES-HR1-004

INITIAL INVESTMENT

£2,732,428

Based on

deposit: £2,334,757

stamp duty: £280,171

mortgage fees: £1,500

conveyancing fees: £116,000

GROSS RENT

£644,220

GROSS YIELD

6.9%

ADD TO FAVOURITES

The portfolio

TENURE

Leasehold

NO OF UNITS

116

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

53,563

PRICE SQ FT

£174

GROUND RENT

£31,150

SERVICE CHARGE

£75,179

Portfolio information

  • All units are leasehold apartments
  • Made up of 116 units comprising:
    • 14 x studio apartments
    • 91 x 1-bed apartments
    • 11 x 2-bed apartments

Block information

  • Runcorn block

    • Consists of 248 units of which 67 are available
    • 75% of the available units are tenanted
  • Burnley block

    • Consist of 57 units of which 34 are available
    • 97% of the available units are tenanted
  • Wrexham block

    • Consists of 53 units of which 25 are available
    • 92% of the available units are tenanted
  • Hereford block

    • Consists of 17 units of which 7 are available
    • 100% of the available units are tenanted

Rental income

  • Aggregate ERV pcm: £53,685
  • Aggregate ERV pa: £644,220

Available upon request

  • Portfolio breakdown
  • Leasehold information
  • 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 Burnley, Hereford, Runcorn & Wrexham

Burnley

Burnley is a town in Lancashire, north-west England. It lies around 21 miles north of Manchester and 20 miles east of Preston.

Burnley is very well connected via road and rail. Junctions 9, 10 and 11 of the M65 motorway serve the town, running west to Accrington, Blackburn and Preston where it connects to the M6, and north-east to Nelson and Colne. There are several A roads going through town and the A56 dual carriageway links to the M66 motorway going to Manchester and the M62.

There are four railway stations in town, Burnley Manchester Road, Burnley Central, Burnley Barracks and Rose Grove. Trains are operated by Northern, with an hourly semi-fast service from Manchester Road to Preston and Blackpool North, Leeds and York. Whilst Central and Barracks stations run services to Blackpool South and Preston as well as Nelson and Colne.

Burnley is surrounded by the Pennine countryside and is ideally located for anyone who enjoys outdoor activities. For example, the Prairie Sports Village, Thompson Park or Clowbridge Rerservoir The town’s waterways are also ideal places for a walk or an escape into nature. Other attractions include the two historic houses Towneley Hall and Gawthorpe Hall. There are annual cultural events such as the Burnley Literary Festival and the Canal Festival. The Mechanics Theatre and Burnley Youth Theatre offer a varied programme throughout the year for the whole family.

The manufacturing sector remains very strong in Burnley and key manufacturing employers are in highly specialised fields such as: Safran Aircelle (aerospace), GE (aerospace), AMS Neve (professional audio), TRW Automotive and Futaba-Tenneco UK (automotive components). Burnley still has strong economic links with Manchester and Leeds as well as neighbouring towns along the M65.

Hereford

Hereford is a cathedral city and the county town of Herefordshire in the West Midlands, England. It lies around 16 miles east of the border with Wales, 24 miles south-west of Worcester and 23 miles north-west of Gloucester.

The A49, A438 and A465 roads all cross in Hereford and connect the city to the rest of the country. Hereford railway station is on the Welsh Marches Line and services run to Worcester, Birmingham, London, Manchester, Cardiff, as well as other places in Wales.

Some of the local attractions include Hereford Cathedral, Chase Distillery, Berrington Hall, Mappa Mundi & Chained Library Exhibitions, Hereford Cider Museum, The Black and White House Museum, Monkland Cheese Dairy, Brobury House Gardens and the Waterworks Museum.

Some of the main employers in Hereford include Herefordshire Council, NHS Herefordshire, Bulmers, Special Metals Wiggin Ltd, Cargill Meats Europe, Painter Brothers, Spinning Dog Brewery and Wye Valley Brewery. Hereford products include the famous Hereford cattle breed, cider, beer, leather goods, nickel alloys, poultry and chemicals.

Runcorn

Runcorn is a town in Cheshire, England and lies around 18 miles east of Liverpool on the bank of the River Mersey.

The town is surrounded by a number of expressways which form a ring road around the town to keep through traffic off the local roads. A number of these roads link to the M56 and M6 motorways connecting Runcorn to Dunkirk and North Wales as well as Rugby, Coventry, Birmingham, Liverpool, Manchester and on to Carlisle.

Runcorn has two railway stations, with Runcorn East station being managed by Transport for Wales which provides services to Warrington, Manchester, Chester and North Wales. Runcorn railway station is on the Liverpool branch of the West Coast Main Line and services go to Liverpool Lime Street, Birmingham New Street and London Euston.

There are two international airports near Runcorn, Liverpool John Lennon Airport, around 8 miles away and Manchester Airport around 22 miles away.

Some of the local attractions include Norton Priory Museums and Gardens, Runcorn Hill Park Local Nature Reserve, Halton Miniature Railway, Runcorn Ski Centre, Halton Castle and Runcorn Town Hall, to name a few.

Runcorn’s economy is dominated by chemical manufacturing, however other sectors include aerospace and automotive manufacturing, services and logistics. Some of the biggest employers include Inovyn, Koura, Sigmatex, Heroux-Devtek, Whitford, Fresenius Kabi, Diageo, Daresbury Laboratory and Stobart Group.

Wrexham

Wrexham is the largest town in the north of Wales and lies between the Welsh mountains and the lower Dee Valley alongside the border with England and around 14 miles south of Chester.

Wrexham town centre is orbited by a ring road. The A483 is the principal route in town and connects it with the A55/M53 and A5/M54.

The town has four railway stations Wrexham General, Wrexham Central, Gwersyllt and Ruabon. Wrexham General is on two different lines, the Shrewsbury to Chester Line and the Borderlands Line. Wrexham Central is a small station and is on the Wrexham to Bidston in Birkenhead Borderlands Line. Gwersyllt serves the Wrexham suburb of the same name and is a stop on the Borderlands line between Wrexham General and Bidston. Ruabon is a bus and mainline rail interchange located in South Wrexham. It lies on the Shrewsbury to Wrexham line between Chirk and Wrexham General. Trains run northbound to Chester and Holyhead connecting with the ferries to Dublin Port and southbound to Shrewsbury and either Cardiff Central or Birmingham New Street.

Some of the top local attractions include Pontcysyllte Aqueduct, the National Trust owned Erddig Park with its hall and formal gardens, Ty Mawr Country Park, Techniquest Glyndwr, Bangor-on-Dee racecourse, Alyn Waters Country park and Wrexham County Borough museum.

Wrexham’s largest employers include Wockhardt and Ipsen as well as other biopharmaceutical companies. JCB can be found on the Wrexham Industrial Estate, and ACT and Magellan Aerospace are also major employers in the area, whilst Airbus is in nearby Broughton. Food manufacturers like Kelloggs, Cadbury, Calypso and Village Bakery also have sites here as well as electronics companies Sharp and Brother.

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