Opportunity to purchase a 21-unit portfolio in St Albans generating £192,600 rent pa a 7.7% gross yield
£2,500,000
21-unit Block
VES-AL2-001
INITIAL INVESTMENT
£722,500
Based on
deposit: £625,000
stamp duty: £75,000
mortgage fees: £1,500
conveyancing fees: £21,000
GROSS RENT
£192,600
GROSS YIELD
7.7%
The block
TENURE
Freehold
NO OF UNITS
21
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
4,783
PRICE SQ FT
£523
Portfolio information
- The portfolio is made up of:
- 1 x 2-bed apartment
- 7 x 1-bed apartments
- 13 x studio apartments
- The properties range in size between 170 to 260 square feet
- There is parking at the back of the properties
- EPC ratings: C
- Council tax bands: A
Rental income
All properties are fully let and achieve:
- Monthly rental income: £16,050
- Annual rental income: £192,600
- Gross yield: 5.5%
Location information
- The properties are located in the Frogmore area of St Albans
- The closest station is Bricket Wood which is on the Abbey Line
- St Albans city centre is around 3.4 miles by car
- Easy access to the M25 and M1 motorways
Available upon request
- Portfolio breakdown
- EPCs for all units
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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Floorplans
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About St Albans, Hertfordshire
St Albans is a cathedral city in Hertfordshire and lies around 20 miles north-west of London, 8 miles south-west of Welwyn Garden City and 11 miles south-east of Luton.
St Albans lies just off the intersection between the M1 and M25 motorways. The M1 can be accessed via junction 6 whilst the M25 can be accessed via junction 21a. This connects St Albans to Central London and Leeds.
There are two railway stations, St Albans City and St Albans Abbey. St Albans City is the larger station and is being served by Thameslink trains on the Thameslink route. Regular train services run to Luton, Bedford, Brighton via Gatwick Airport, Three Bridges via Redhill, Rainham via Dartford and to Sutton. Trains from St Albans Abbey station run on the Abbey Line all the way to Watford Junction which also connects to London.
There is much to do and see in St Albans and the surrounding area, such as: Verulamium Museum, St Albans Museum and Gallery, St Albans Town Hall, St Albans Cathedral, De Havilland Aircraft Museum, Shaw’s Corner and St Albans Organ Museum, to name a few. For outdoor lovers there are also a number of places to visit and explore: Roman theatre of Verulamium, River Ver trail, Heartwood Forest, Verulamium Park, Watercress nature reserve and Redbournbury watermill and bakery.
The town centre offers a number of shopping opportunities from well-known high street brands, as well as many independent retailers. There are also numerous cafes, restaurants, pubs and bars in the centre of town. The Charter Market is held every Wednesday and Saturday and the Farmers Market takes place every second Sunday of the month. Both are open air markets held in the centre in St Peter’s Street.
Education is provided by many state primary and secondary schools as well as a number of independent schools. Oaklands College has a campus in the Smallford area.
The economy in St Albans is very strong and it’s main sectors are retail, professional services and research and development. Rothamstead Research and the Building Research Establishment are both world-class research centres located in St Albans. Other large employers include: Britvic Plc, Henkel Limited, Burton’s Foods Limited, Skechers USA Limited and Butlins Skyline Limited, to name a few. St Albans is also a commuter city and many residents travel into central London via the fast rail links.
Radlett Road,
Frogmore,
St Albans,
Hertfordshire,
England,
AL2 2LA
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