stamp duty: £783,360
mortgage fees: £1,500
conveyancing fees: £74,000
NO OF UNITS
TOTAL SQ FT
PRICE SQ FT
Please note that this is an off-market opportunity that is available to qualified buyers only.
Please get in touch and quote the reference number above to speak to a member of our sales team who can advise on the information that will be required from you in order for us to be able to share more detailed and confidential information related to the opportunity.
Opportunity to acquire a portfolio of 74 purpose-built apartments in Reading, Bristol and St Neots.
The apartments are spread over four different blocks in three different locations and are being sold on a leasehold basis.
The portfolio comprises:
The total floorspace is approximately 42,305 sqft with the studio apartments having an average floorspace of 367 sqft each, the 1-bed apartments having an average floorspace of 486 sqft each, the 2-bed apartments having an average floorspace of 755 sqft each and the 3-bed apartment with a floorspace of 908 sqft.
At the time of listing 3 apartments are vacant and are advertised to relet. Once fully let the portfolio is expected to generate a rental value of £82,708 pcm and £992,496 pa.
The vendor is seeking offers in the region of £19,042,000.
Please contact our sales team for further details.
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.
Bristol is a city and county the straddles the River Avon in the south-west of England, it is situated 12 miles north-east of Bath and 38 miles south of Gloucester.
The city of Bristol is serviced by two primary railway stations, Bristol Temple Meads which is near the city centre and Bristol Parkway which is just in the north of the city. Great Western Railway operates high-speed train services from Bristol Temple Meads to London Paddington, as well as local, regional and other CrossCountry routes. In addition, there is a limited service run by South Western Railway that provides links to London Waterloo via Clapham Junction. Great Western runs a separate high-speed service from Bristol Parkway to London Paddington, as well as routes to locations in South Wales such as Swansea and Cardiff and CrossCountry services to Birmingham and the north-east of England.
Bristol is historically known as a city of trade, exporting wool cloth and importing fish, wine and grains. In more contemporary times the city’s economy is primarily based with innovations in creative media, aerospace and electronics industries. Some of the biggest employers in Bristol include Screwfix, Hays Recruitment, Expedia and the Bristol Aeroplane Company.
Reading is a historic market town in Berkshire, South East England. It lies 40 miles east of Swindon, 25 miles south of Oxford, 40 miles west of London and 15 miles north of Basingstoke. The M4 motorway runs just south of Reading connecting it to London and Wales, whilst a number of A-roads serve Reading and the surrounding areas.
Reading railway station is a major transport hub and the second busiest interchange station outside of London. Trains are operated by Great Western Railway, CrossCountry, TfL Rail and South Western Rail. There is a wide variety of destinations that can be reached from Reading by the following lines: Bournemouth or Southampton to Manchester, Guildford to Newcastle, Reading to Newcastle, North Downs Line, Night Riviera, Great Western Main Line, Reading to Taunton Line, Reading to Basingstoke, Waterloo to Reading and Paddington to Reading. Reading will also be a stop on the new Elizabeth Line once the Crossrail works are complete.
Reading is an important commercial centre in southern England and is home to the headquarters of several British and foreign companies and is also regarded as part of the London commuter belt. Companies such as Microsoft, Oracle and Hibu have their headquarters here, whilst Prudential has an administration centre in town. Other big names with an office in Reading include PepsiCo, Wrigley, Bayer Life, Huawei Technologies, Pegasystems, Cisco, Ericsson, Symantec, Verizon Business and others.
St Neots is a market town in Cambridgeshire and lies around 50 miles north London and around 18 miles west of Cambridge. The A1 runs just past the town connecting it to London, the north-east of England and Scotland. The A428 road connects it to Cambridge whilst the A421 connects it to Bedford and Milton Keynes.
St Neots’ railway station lies on the East Coast Mainline and is served by Great Northern trains. Peak time train services run between London Kings Cross and Peterborough, with services to London Kings Cross taking around 45 minutes. Thameslink also runs a service between Horsham, via Gatwick Airport, and Peterborough.
St Neots has established itself as a commuter town with Cambridge being a major employment centre for its residents. There is also easy and fast access to Bedford and London as well as Stevenage and Peterborough.
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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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