North West | Investment Property for Sale | VES-OL13-002

Opportunity to purchase a 3-unit portfolio generating £21,000 rent pa & 6.7% gross yield

£315,000

3-unit Portfolio

VES-OL13-002

INITIAL INVESTMENT

£92,700

Based on

deposit: £78,750

stamp duty: £9,450

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£21,000

GROSS YIELD

6.7%

ADD TO FAVOURITES

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The portfolio

TENURE

Freehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

2,540

PRICE SQ FT

£124

Portfolio information

  • Made up of 3 units comprising:
    • 3 x freehold houses
  • The properties are split into:
    • 2 x 3-bed houses
    • 1 x 4-bed houses
  • EPC ratings D

Location information

The properties are spread over 2 counties:

  • 2 x properties are located in Greater Manchester
  • 1 x properties are located in Lancashire

Rental income

Aggregate rental income pcm: £1,750 Aggregate rental income pa: £21,000 Aggregate rental yield: 6.7%

Available upon request

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

Note

Please note that Vesta has not visited the properties and that all material has been provided by the vendor.

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 Greater Manchester & Lancashire

Greater Manchester

Greater Manchester is a metropolitan county in the north west of England and is the third largest in England after Greater London and the West Midlands. Greater Manchester is made up of the following metropolitan boroughs: Bolton, Bury, Oldham, Rochdale, Stockport, Tameside, Trafford, Wigan and the cities of Manchester and Salford. The county is the economic centre of the North West, with the city of Manchester the central business district of the county and represents more than £62.8 billion of the UK regional GVA. Outside of London, Greater Manchester is the UKs main centre for the financial and business services sector and key companies include Co-op Banking Group, RBS and BNY Mellon. As well as being a major centre of trade and commerce, Manchester is also a centre of the arts, media and higher education and the third most visited city in the UK by foreign visitors. Other major employers in the county include the BBC, ITV, NXP, Siemens, Holroyd, Adidas and Umbro to name a few. Manchester is a top destination for global companies with 80 of the FTSE 100 companies located there.

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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