Nationwide | Investment Property for Sale | VES-MLP-003

Opportunity to purchase a large 102 unit portfolio producing £453,348 in rent pa & gross yield of 11.5%

£3,925,249

102 Unit Portfolio

VES-MLP-003

INITIAL INVESTMENT

£1,905,209

GROSS RENT / YIELD

£453,348 / 11.5%

NET RENT / YIELD

£315,863 / 8.0%

The portfolio

TENURE

Freehold

NO OF UNITS

102

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

TBC

PRICE SQ FT

£0

  • Cambridgeshire - 4 units
  • County Durham - 55 units
  • Cumbria - 1 unit
  • East Yorkshire - 6 units
  • Lincolnshire - 22 units
  • North Yorkshire - 1 unit
  • Redcar and Cleveland - 6 units
  • South Yorkshire - 3 units
  • Staffordshire - 4 units

Available on request

  • Portfolio breakdown
  • Unit leasehold details
  • EPCs for all units
  • Property documentation

All leasehold details are based on information supplied by the vendor and should be verified by the purchaser’s solicitor.

Documents available on request, please contact for viewings or further questions.

The information relating to the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£453,348

Equivalent of £37,779 per calendar month (PCM).

GROSS RENTAL YIELD

11.5%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£315,863

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

8.0%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£137,485

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

About West Yorkshire & Durham

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 in to the financial centre it is recognised as today.

Many banks, building societies and insurance companies have offices across the city centre of Leeds. Wakefield has established itself as a centre for service-based industries, in particular call centres can be found in this city employing huge numbers of locals. In addition, two of the major four supermarkets are from West Yorkshire, these being Morrisons that is based in Bradford and Asda which is based in Leeds.

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.

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
  • Huge choice for all budgets
  • View property performance data
Learn more >

Important Note

The information contained in this website is for general information purposes only. The information is provided by Vesta Global Limited and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, properties, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Copyright © 2019 Vesta Global Limited. All rights reserved.