St Helens, WA10 2EW | Investment Property for Sale | VES-WA10-003

Opportunity to purchase an Aparthotel/serviced accommodation & HMO

£1,375,000

Aparthotel & HMO

VES-WA10-003

INITIAL INVESTMENT

£468,750

Based on

deposit: £343,750

stamp duty: £122,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£150,800

GROSS YIELD

11.0%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

21 bedrooms

19 bathrooms

1 reception room

7,600

Fully Furnished

Property information

This opportunity comprises:

  • Napier Street Aparthotel:

    • Originally built as a 13 bedroom aparthotel, designed and built using high-quality materials
    • Currently let as a 12 bedroom HMO, currently licenced for 24 people, but could also be utilised as an aparthotel or serviced accommodation
    • Fully let with high rental demand, tenants are professionals, doctors, nurses and business owners
    • 12 ensuite bedrooms
    • All bedrooms come with a kitchenette
    • The ground floor units have a private outdoor space
    • Has a separate utility room
    • There is also a store room, laundry room and plant room
    • The property benefits from a private car park and street light
    • Hotel grade Salto access control and CCTV
    • Fully furnished
    • The property underwent full refurbishment in 2020
    • Additional planning potential for flats, subject to planning
    • EPC rating B
  • St Pauls Street HMO:

    • HMO licence for maximum of 12 households and 12 persons
    • 9 bedrooms
    • 6 bedrooms come with ensuite shower room
    • 1 shared bathroom for all other tenants
    • 1 WC
    • Large open-plan living/dining room
    • Has a separate utility room
    • Access control and CCTV
    • Fully furnished
    • The property underwent full refurbishment in 2020
    • Fully let
    • EPC rating D

Rental information

  • Monthly rental income from Napier Street Aparthotel: £8,558.33
  • Monthly rental income from St Pauls Street HMO: £4,008.33
  • Total monthly rental income: £12,566.66
  • Total annual rental income: £150,799.92
  • Total annual gross yield: 11%

Running costs

The vendor provided us with the following running costs for both properties combined:

  • Gas & electric: £570 pcm
  • Council tax: £1,112 pcm
  • Virgin media (TV, broadband): £68.40 pcm
  • Water: £550 pcm
  • TV licence: £25.75 pcm
  • Cleaner: £175.50 pcm
  • Total cost pcm: £2,501.65
  • Total cost pa: £30,019.80

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.

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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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