St Helens, WA10 2EW | Investment Property for Sale | VES-WA10-001A

Opportunity to purchase an office block generating £22,000 rent pa & gross yield of 10%

£220,000

Office block

VES-WA10-001A

INITIAL INVESTMENT

£66,000

Based on

deposit: £55,000

stamp duty: £8,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£22,000

GROSS YIELD

10.0%

ADD TO FAVOURITES

Sold STC

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The property

TENANCY

Tenanted

TENURE

Freehold

0 bedrooms

4 bathrooms

0

2,208

Unfurnished

Property information

  • Purpose built first floor office
  • 2 office spaces
  • 2 kitchenettes
  • 4 bathrooms
  • Access control and CCTV
  • The property underwent full refurbishment in 2020
  • Fully let on a 10-year lease from June 2021 with a break date in 2024 and 2026
  • Tenant pays their own bills
  • EPC rating C

Rental information

  • Total monthly rental income: £1,833.33
  • Total annual rental income: £21,999.96
  • Total annual gross yield: 10%

Note

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

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 St Helens, North West

St Helens is a large town in Merseyside, which is well served by motorway links with the East/West corridors of the M58 and M62 to the North and South of the town respectively. The town is also served by the parallel running North/South routes of the M57 and M6 to the East and West.

Since the millennium, St Helens has become a focus for a whole borough scheme of Urban Regeneration initiatives in coordination with local Housing Authorities, Business and Art Projects in addition to European, Regional and Central Government funding such as the Neighbourhood Renewal Fund, the North West Regional Development Agency and The Mersey Partnership as part of the European Regional Development Fund.

For families seeking a variety of education there are many good options such as St Aidan's CE Primary School primary and Rainhill High School secondary to name a few.

There are a number of great attractions in the town ranging from the famous Ye Ol’ Gror Distillery, the Ridgefield National Wildlife Refuge and the World of Glass.

There are a number of large employers in nearby Warrington such AMEC Foster Wheeler PLC, Lookers PLC, Essar Oil and Certas Energy.

Napier Street,

St Helens,

Saint Helens,

Merseyside,

England,

WA10 2EW

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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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