Opportunity to purchase a 20-unit block in Rotherham generating £111,840 rent pa & gross yield of 8.6%
£1,300,000
20-unit Block
VES-S60-019
INITIAL INVESTMENT
£385,500
Based on
deposit: £325,000
stamp duty: £39,000
mortgage fees: £1,500
conveyancing fees: £20,000
GROSS RENT
£111,840
GROSS YIELD
8.6%
The block
TENURE
Freehold
NO OF UNITS
20
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
6,372
PRICE SQ FT
£204
Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the blocks individually.
Block information
- Spread over the ground floor of the building
- Comprising of:
- 20 x 1-bed apartments
- EPC ratings C
Rental information
- Aggregate monthly rental income: £9,320
- Aggregate annual rental income: £111,840
- Aggregate gross yield: 8.6%
Location information
- The property is located just west of the town centre
- Rotherham town centre is about 0.6 miles from the property
- There is a bus stop a few moments walk from the property
- Rotherham Central railway station can be reached in10 minutes on foot
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
The floorplans are example of one of the 1-bed apartments in this development. Layout and sizes will vary.
Need more information?
REQUEST BLOCK DETAILS
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 Rotherham
Rotherham is a town in South Yorkshire, England, located approximately 10 miles northeast of Sheffield.
The M1 motorway is a less than 3 miles from Rotherham town centre and connects it to Leeds in the north and London in the south. Rotherham Central railway station operates services to Doncaster, Wakefield and Leeds, as well as Meadowhall, Sheffield and York. The station is also served by the Sheffield Supertram trains, running between Rotherham Parkgate and Sheffield Cathedral.
The town centre is home to a variety of shops, including high street favourites, independent shops, cafes and bars. You can also find the Centenary Indoor Market and the Centenary Covered Market in town six days a week, providing everything from fresh produce to antiques, clothes, pottery, books and much more.
Rotherham also has several attractions to offer, including the hugely popular Magna Science Adventure Centre, Clifton Park Museum, Rotherham Minster, Wentworth Woodhouse and many more. The Civic Theatre and Arts Centre hosts a variety of dance, comedy, music, drama and variety shows throughout the year for all the family to enjoy.
Rotherham Metropolitan Borough Council published its 10-year economic plan for the town, with some of the developments already completed, like the brand new £10.5m University Centre Rotherham campus, or underway. There are plans for a leisure scheme on Forge Island providing a cinema, hotel, restaurants and bars and new residential housing; improvements of the waterside for public spaces and housing; redevelopment of the indoor market; an upgrade and refurbishment of the bus interchange and car park; to name a few.
A large proportion of residents commute for work to places like the Magna 34 business park, which is just outside of town and is home to employers such as Tata Steel, Parcelforce, Magna Science Centre and a number of smaller businesses. Other large employers can be found within the Advanced Manufacturing Park (AMP), which is located on the border of Sheffield and Rotherham. Boeing, Rolls Royce and McLaren are some of the most well-known companies that have made their home here. Other include Sheffield Hallam University, Oracel, CBRE, Labflex A/S, Iceotope and Waldeck Consulting.
Masbrough Street,
Rotherham,
South Yorkshire,
England,
S60 1HW
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