Nationwide | Investment Property for Sale | VES-NE28-001

Opportunity to purchase a ready-made nationwide portfolio generating £230,142 rent pa & gross yield of 8.7%

£2,650,000

31 unit Portfolio

VES-NE28-001

INITIAL INVESTMENT

£774,500

Based on

deposit: £662,500

stamp duty: £79,500

mortgage fees: £1,500

conveyancing fees: £31,000

GROSS RENT

£230,143

GROSS YIELD

8.7%

ADD TO FAVOURITES

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The portfolio

TENURE

Freehold

NO OF UNITS

31

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

TBC

PRICE SQ FT

£0

This is a unique opportunity to purchase a ready-made nationwide portfolio.

Portfolio information

Made up of 31 units comprising:

  • 13 x 2-bed houses
  • 7 x 3-bed houses
  • 4 x 4-bed houses
  • 2 x 4-bed HMOs
  • 3 x 5-bed HMOs
  • 1 x 6-bed HMO
  • 1 x 8 unit block comprising of:
    • 7 x 1-bed apartments
    • 1 x 2-bed apartment

The properties are spread over 7 counties as follows:

  • 13 x County Durham
  • 6 x North Yorkshire
  • 1 x South Yorkshire
  • 3 x Northumberland
  • 2 x Tyne and Wear
  • 2 x Merseyside
  • 4 x Lancashire

Rental income

  • Aggregate rental income: £19,178.58 pcm; £230,142.92 pa
  • Aggregate rental yield: 8.7%

The rental yield is the net yield and there is no need for property management as the tenants are all charities. All rental agreements are FRI leases which started in September 2019 and last 5+ years.

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, North Yorkshire, South Yorkshire, Northumberland, Tyne and Wear, Merseyside & Lancashire

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.

North Yorkshire

North Yorkshire is the largest ceremonial county in England by area and is located primarily in the region of Yorkshire and the Humber and partly in North East England. Around 40% of the county is covered by National Parks, such as the Yorkshire Dales and the North York Moors. Its largest towns are Middlesbrough, York, Harrogate, Scarborough and Northallerton. Some of the county’s important industries include agriculture, mineral extraction, and power generation. Tourism is another significant economic contributor. In 2016 the National Park published a report stating that there were an annual 7.93 million visitors to the park area, generating £647 million and supporting 10,900 fulltime equivalent jobs. York and Harrogate, both historic towns, are top tourist destinations in the area.

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.

Northumberland

Northumberland is a historic county in North East England and also the northernmost county in England. It borders Cumbria to the west, County Durham and Tyne and Wear to the south and the Scottish Borders to the north. The county town is Alnwick. Northumberland is famous for its undeveloped countryside and high moorland and is now largely protected as the Northumberland National Park. With only 62 people per square kilometer it is also the least densely populated county. The county’s industries include multi-national corporations such as Coca-Cola, MSD, GE and Drager, which all have important facilities in the region. They include companies in the pharmaceutical, healthcare and emerging medical biotechnology sectors. Due to its location and beautiful landscapes the tourism industry is another big employer in Northumberland. The county is also home to Newcastle University and Northumbria University.

Tyne and Wear

Tyne and Wear is a metropolitan county in the north east of England and consists of the five metropolitan boroughs of South Tyneside, North Tyneside, City of Newcastle upon Tyne, Gateshead and City of Sunderland. It is bordered by Northumberland to the north, County Durham to the south and is bounded by the North Sea to the east. The area is serviced by Newcastle International Airport, which lies around 7 miles outside Newcastle city centre. Other nearby airports include Samson Executive Jet Centre, Newcastle City Heliport and Eagle Helicopters.

Merseyside

Merseyside is a metropolitan county in the north west of England and consists of the five metropolitan boroughs of Knowsley, St Helens, Sefton, Wirral and the City of Liverpool. It is bordered by Lancashire to the north, Cheshire to the south and the Irish Sea to the west. North Wales is located across the Dee Estuary. Liverpool City Centre is the focused central business district, however, each borough has at least one major town centre and suburbs. The area is serviced by John Lennon Airport and lies around 9 miles outside of Liverpool city centre. This airport operates to many domestic, European and North African locations and is the 12th busiest airport in the UK.

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.

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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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