Slough, various postcodes | Investment Property for Sale | VES-SL3-001

Opportunity to purchase a 4-unit portfolio in Slough generating £46,800 rent pa

£1,050,000

4-unit Portfolio

VES-SL3-001

INITIAL INVESTMENT

£299,500

Based on

deposit: £262,500

stamp duty: £31,500

mortgage fees: £1,500

conveyancing fees: £4,000

GROSS RENT

£46,800

GROSS YIELD

4.5%

ADD TO FAVOURITES

The portfolio

TENURE

Leasehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

Part and part

TOTAL SQ FT

3,154

PRICE SQ FT

£333

GROUND RENT

£1,200

SERVICE CHARGE

£7,590

Portfolio information

  • Made up of 4 units:
    • 4 x leasehold 2-bed/2-bath apartments
  • All units are fully let
  • The properties are partially furnished
  • EPC ratings C & D

Rental information

  • Aggregate rental income pcm: £3,900
  • Aggregate rental income pa: £46,800
  • Aggregate rental yield: 4.5%
  • The apartments have been continuously tenanted since their purchase in 2008

Available upon request

  • Portfolio breakdown
  • Leasehold information
  • EPCs for all units

Note

Please note that Vesta has not visited this property 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 Slough, Berkshire

Slough is a large town in Berkshire, England, 20 miles (32 km) west of central London and 17 miles (27 km) north-east of Reading, in the Thames Valley at the intersection of the M4, M40 and M25 motorways. Slough had a population of 164,000 in 2017. The Elizabeth line is expected to allow faster journeys to central London.

With house price growth significantly outpacing London, unemployment levels at a third of the national average, and £450m regeneration plan make it a commuter and investor hotspot.

Hundreds of major companies have sited in Slough Trading Estate over the years, with its proximity to London Heathrow Airport and good motorway connections being attractive.

It’s also, as it happens, the most productive urban area in Britain.

According to the Centre for Cities' 2019 Cities Outlook report, Slough's GVA per worker – a rough measure of how much economic activity every worker in the area was responsible for – stood at £82,000. The average across all cities in Great Britain was just £57,000. Even London only managed £80,000.

Slough has the highest concentration of global corporate HQs outside London. Slough Trading Estate is the largest industrial estate in single private ownership in Europe with over 17,000 jobs in 400 businesses. Blackberry, O2, Mars, McAfee, Burger King and Lego have head offices in the town.

Slough was named top in a survey of the 25 best towns and cities to live and work in, beating Manchester and Cambridge in the top three. It is hailed as a "prime spot" for jobs, cost of living and worker satisfaction in research by jobs site Glassdoor.

Slough is near London, Heathrow Airport, Uxbridge, Maidenhead and Staines and the town is a travel hub. Many people from Slough work in nearby towns and cities such as Windsor, Reading, London and Bracknell, and there are large passenger movements in the morning and evening rush hours.

Slough is served by Great Western Railway stations at Burnham, Slough and Langley. Slough station is a junction between the Great Western Main Line and the Slough to Windsor & Eton Line.

Great Western Railway operate services to Reading every half an hour which take 20 minutes and express services to London every half an hour which take 17 minutes. Slough will have services on the Elizabeth line, a new railway line across central London which is due to open in 2022.

The Western Rail Approach to Heathrow is a £500m rail project announced by the Department for Transport; Network Rail announced the route in 2014. It will directly serve Slough with four trains every hour, reducing travel times to Heathrow to six minutes. It is expected to be operational in the early 2020s.

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Important Note

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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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