Nationwide | Investment Property for Sale | VES-NE1-006

Opportunity to purchase a 8 unit nationwide portfolio generating £92,172 rent pa and a gross yield of 6.1%

£1,505,000

8 unit Portfolio

VES-NE1-006

INITIAL INVESTMENT

£673,950

GROSS RENT / YIELD

£92,172 / 6.1%

NET RENT / YIELD

£57,203 / 3.8%

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The portfolio

TENURE

Leasehold

NO OF UNITS

8

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

6,697

PRICE SQ FT

£225

GROUND RENT

£1,200

SERVICE CHARGE

£12,392

Portfolio information

  • 8 units fully let
  • 6 leasehold flats consisting of:
    • 4 x 2-beds
    • 2 x 4-beds
  • 2 freehold houses consisting of:
    • 1 x 2-bed
    • 1 x 4-bed

Location information

  • 1 x unit in Nottingham
  • 2 x units in Newcastle
  • 2 x units in Manchester
  • 1 x unit in Southsea
  • 1 x unit in Birmingham
  • 1 x unit in Doncaster

Available upon request

  • Portfolio breakdown
  • EPCs for all units
  • Leasehold information per unit

Floorplans

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

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Rental Income

GROSS RENT PER ANNUM

£92,172

Equivalent of £7,681 per calendar month (PCM).

GROSS RENTAL YIELD

6.1%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£57,203

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

3.8%

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

FULLY MANAGED OPERATING COSTS

£34,969

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

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About Nottingham, Newcastle, Manchester, Southsea, Birmingham & Doncaster

Nottingham

Nottingham is a city in the county of Nottinghamshire in the East Midlands. It is situated 45 miles northeast of Birmingham, 56 miles southeast of Manchester and 128 miles north of London.

Currently the UK’s ninth largest city, Nottingham has a thriving jobs market as well as affordable property prices - making it a popular choice for property investors.

Fastest growing city economy in the East Midlands region and growing faster than Birmingham, Liverpool and Sheffield. Significant investment into the local transport infrastructure over the past few years (over £1billion) including expanding it's award-winning tram network and investing in one of the UK’s best public transport networks.

Over 50 national and regional companies have chosen Nottingham as their headquarters. Today, it's home to major brands like Boots, E.ON, Experian, Call Credit, Center Parcs, Speedo, Wilkos, Capital One and Paul Smith.

Newcastle

Famous for its industrial heritage and brown ale, the city has undergone powerful transformations since it began life as a Roman fort on Hadrian’s Wall in 122AD.

Dramatically changing skylines have been revolutionised through major regeneration leaving a demand for Newcastle buy to let. Driven by infrastructure improvements, inward investments, affordable housing and a growing demand for rental properties, prospective investors have recognised the city as a UK hotspot.

This city has a population of 300,00, the largest population in the north east region of England and it is the 8th most populous city in the whole of England. Newcastle also has access to over 1.7 million people within a 30 minute drive time.

Newcastle is notorious for its buzzing nightlife and was voted in the top three of Tripadvisor Travellers’ Choice Destination Awards for European Nightlife destinations. The Bigg Market and Quayside are at the heart of the pubs, bars and nightclub district and a wide variety of restaurants offering cuisines from across the globe. Newcastle also has a rich history of culture through the arts such as theatre, music venues, museums and galleries. Newcastle city centre has several major shopping areas, the largest of these being the Eldon Square Shopping Centre which boasts over 150 stores and services.

There are many job opportunities in Newcastle city centre and the economy includes many corporate headquarters in fields such as learning, digital technology, retail and tourism. Big employers such as Greggs, Virgin Money, EE, Npower and many more all have their headquarters here.

Manchester

Manchester boasts one of the UK’s busiest housing markets so it’s no surprise that house prices in Manchester have grown more than anywhere else in the UK, beating the national average for five out of the six years since 2012.

A growing number of people are choosing to live in Manchester, with the population rising over threefold from 2001 to 2016. This trend is set to continue as the Northern Powerhouse gathers momentum with the city centre expected to reach 60,000 by 2027 - a tenfold increase.

Greater Manchester has the largest travel-to-work area of any conurbation in the UK outside of London, with 7 million people living within one hour’s drive of the city centre. There are more than 20 universities within one hour’s drive of Greater Manchester, with over 400,000 students.

The Greater Manchester area is home to many big corporations’ headquarters, as it is seen as the growing hub for business in the north west region and is known as the main regional centre for public services. Companies such as Google, BBC, The Co-Operative Group, Kellogg’s and Thomas Cook run large parts of their operations all from the heart of this buzzing city.

Southsea

Southsea is a seaside resort located in Portsmouth, Hampshire. In the 19th century it was a fashionable Victorian seaside resort and since grew into a residential suburb with a large commercial and entertainment area away from Portsmouth centre.

There are two piers at Southsea beach, South Parade Pier and Clarence Pier, with amusement arcades in both locations. One can also find miniature golf courses, a skateboard park and public grass and clay tennis courts as well as three beach volleyball courts. Another attraction is the Blue Reef Aquarium and Southsea Model Village which opened in 1956.

The Isle of Wight is accessible via a regular hovercraft service whilst Hayling Island can be accessed via ferry service.

Portsmouth Naval Dockyard employs about a tenth of the local workforce, making defence the biggest industry. BAE Systems Surface Ships has its headquarters in Portsmouth, whilst IBM has made Portsmouth home for its European headquarters, and Zurich Financial Services also has its UK headquarters in town.

Birmingham

Birmingham is the second largest city in the UK and boasts a population close to four million and is still growing rapidly. This metropolitan city can be found in the West Midlands, around 120 miles north west of London.

Due to its central location within the country, Birmingham has fantastic travel routes via the motorway, rail and even canal networks. Major motorway routes such as the M5, M6, M40 and M42 all pass through Birmingham connecting it to all parts of the nation.

Also, soon to be home to the High Speed 2 rail link, which will stop at Birmingham’s Curzon Street railway station and offer a service to central London in under 50minutes as well as other routes around the country. Travelling around within the city couldn’t be easier as Birmingham has one of the busiest urban rail systems and urban bus systems outside of London, capable of taking you to any desired location in and around the city. Birmingham is home to many amazing job opportunities through many well-known employers, such as; National Express, Lloyds Banking Group, RBS, Whitbread, Jaguar and Rolls Royce to name a few.

Doncaster

Doncaster is located on the A1 and M18 motorways and is within 20 minutes of the key M1 and M62 motorways.

The town is about 17 miles north-east of Sheffield, and is served by an international airport, Doncaster Sheffield Airport in Finningley. Doncaster train station links the town to the major cities of London, York, Leeds, Sheffield, Manchester, Newcastle and further North. The East Coast Main Line is linking England’s and Scotland’s capital and passing directly through Doncaster.

Doncaster is a historic market town and renowned for its horse racing, rich railway heritage and its wealth of Georgian and Regency architecture. Some of the iconic landmarks are Conisbrough Castle, an English Heritage site; Brodsworth Hall; Doncaster Market with some 400 shops, stalls and stands; the Corn Exchange, a Victorian listed house offering a wide range of quality retailers; Doncaster Minster, a Grade 1 listed building standing in the heart of the town; and Cast, Doncaster’s flagship theatre which is home to world-class entertainment.

Furthermore, there are a few large employers based in Doncaster such as Polypipe International, Trackwork and DFS (formerly Northern Upholstery) who still have their head office here and many more.

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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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