Opportunity to purchase 19 units in Pontefract generating £84,720 gross rent pa & a 17.1% gross yield
£495,000
19-unit Portfolio
VES-WF9-001
INITIAL INVESTMENT
£159,100
Based on
deposit: £123,750
stamp duty: £14,850
mortgage fees: £1,500
conveyancing fees: £19,000
GROSS RENT
£84,720
GROSS YIELD
17.1%
The portfolio
TENURE
Leasehold
NO OF UNITS
19
TENANCY STATUS
Tenanted
FURNISHED
Yes
TOTAL SQ FT
6,818
PRICE SQ FT
£73
GROUND RENT
£3,325
SERVICE CHARGE
£34,200
Leasehold information
- Length of lease: 150 years
- Year lease started: 2017
- Years left on lease: 145 years (from 2022)
- Ground rent review period: tbc
- Service charge review period: tbc
Block information
- 19 apartments are available for sale, on a leasehold basis
- The apartments are spread across 4 blocks of the same development
- The apartments comprise:
- 15 x studio apartments
- 4 x 1-bed apartments
- Each apartment is self-contained
- There are communal gardens for all tenants
- There are approximately 10 car parking spaces, shared between all occupants
- The blocks are managed and let by third parties
- EPC ratings: D, E & F
- Council tax band A
Rental information
- The 19 apartments are fully let
- Aggregate monthly rental income: £7,060.01
- Aggregate annual rental income: £84,720.12
- Aggregate gross yield: 17.1%
Location information
- The apartments are located in the South Kirkby area of Pontefract
- Pontefract is just under 9 miles north of South Kirkby
- The closest railway station is Moorthorpe, which can be reached via bus
- There is a bus stop just a short walk from the properties
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
The floorplans are examples of a studio and of a 1-bed apartment in this development. Layout and sizes will vary.
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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 Pontefract, West Yorkshire
Known as the key to the north, the historic town of Pontefract is one of West Yorkshire’s most up and coming areas.
Within walking distance to local shops, restaurants and leisure facilities
Close to three train stations
Ideal for the M62 & A1, putting Leeds 30 minutes away
Close to two international airports
Multi-million pound regeneration projects (shopping, leisure, jobs and green spaces)
Pontefract is a historic market town in the county of West Yorkshire in northern England. This town is one of five towns that makes up the metropolitan borough of the City of Wakefield, situated 13.9 miles south east of Leeds and 25.1 miles north of Sheffield.
This area is serviced by Pontefract Tanshelf railway station, Pontefract Baghill railway station and Pontefract Monkhill railway station offering trains to Wakefield, Leeds, York, Sheffield, Bradford and London King's Cross.
Pontefract has been historically known as a market town since the middle ages, in more contemporary times the market days are Wednesday and Saturday, with a smaller market that opens on Fridays. There is also a covered indoor market space that is open all week apart from Thursday afternoons and Sundays. In town there is also an Xscape complex that features several shops, clubs, restaurants and entertainment facilities including a bowling alley, laser tag, crazy golf and a multi-screen cinema. Pontefract also has many cultural attractions such as Pontefract Castles, Pontefract Races and the Pontefract Museum.
Pontefract is one of the few places in the UK where liquorice can be grown due to the fact that the soil is deep and sandy, this has made it an ideal location for two liquorice factories owned by Haribo and Tangerine Confectionery. Aside from these big employers in the local area there are many job opportunities in the nearby city of Leeds.
Pontefract is ideal for young families seeking local schooling options in walking distance of this area. There are a number of secondary schools offering education from the ages of 11-16 such as Carleton Community High School and King’s School on Mill Hill Lane. For those looking for Higher Education there is the NEW College on Park Lane, which is one of the highest achieving colleges in the England.
North Street,
South Kirkby,
Pontefract,
West Yorkshire,
England,
WF9 3NL
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