St Helens, WA10 2PT | Investment Property for Sale | VES-WA10-004

Opportunity to purchase a 3-unit block in St Helens with the potential to generate a 11.4% gross yield

£520,000

3-unit Block

VES-WA10-004

INITIAL INVESTMENT

£153,000

Based on

deposit: £130,000

stamp duty: £18,500

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£59,376

GROSS YIELD

11.4%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

Part and part

TOTAL SQ FT

2,002

PRICE SQ FT

£260

Block information

  • The block is made up of 3 units comprising:
    • 1 x 8-bed HMO
    • 2 x commercial units
  • The HMO is fully licenced for 8 households and 12 persons
  • 5 bedrooms come with ensuite shower room
  • The other tenants have the use of a shared bathroom
  • The HMO comes fully furnished
  • EPC ratings B & C

Rental information

  • The HMO is currently vacant, however it is anticipated that all rooms will be let shortly
  • Commercial unit 1 is a hair and beauty salon, let on a 5-year commercial lease from June 2019
  • Commercial unit 2 is a hair and beauty salon, let on a 5-year commercial lease from November 2019
  • Expected monthly rental income for the HMO: £3,748
  • Monthly rental income for the commercial units: £1,200
  • Total monthly rental income: £4,948
  • Total annual rental income: £59,376
  • Total gross yield: 11.4%

Location information

  • The property is located in the West Park area of St Helens
  • St Helens town centre is 1 mile away and can easily be reached on foot or by car
  • Easy access to the A58 and the wider road network
  • St Helens Central railway station is just under 2 miles from the property

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.

Boundary Road,

St Helens,

Saint Helens,

Merseyside,

England,

WA10 2PT

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