Opportunity to purchase 2 x HMOs & 1 commercial unit in St Helens generating a & 10.8% gross yield
£1,595,000
2 HMOs & commercial unit
VES-WA10-002
INITIAL INVESTMENT
£554,250
Based on
deposit: £398,750
stamp duty: £153,000
mortgage fees: £1,500
conveyancing fees: £1,000
GROSS RENT
£172,800
GROSS YIELD
10.8%
The property
TENANCY
Tenanted
TENURE
Freehold
21 bedrooms
20 bathrooms
1 reception room
9,808
Fully Furnished
Property information
This opportunity comprises:
- 2 x adjoining HMO properties
- 1 x commercial unit
St Pauls Street HMO comprises:
- 9 bedrooms
- 6 bedrooms come with ensuite shower room
- 1 shared bathroom for all other tenants
- 1 WC
- Large open-plan living/dining room
- Access control and CCTV
- Fully furnished
- The property underwent full refurbishment in 2020
- Fully let
Napier Street HMO comprises:
- 12 ensuite bedrooms
- All bedrooms come with a kitchenette
- The ground floor units have a private outdoor space
- 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
- Fully let
Napier Street commercial unit:
- Purpose built first floor office
- 2 office spaces
- 1 kitchenette
- 1 WC and 1 shower room with WC
- 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
Rental information
- Monthly rental income from St Pauls Street HMO: £4,008.33
- Monthly rental income from Napier Street HMO: £8,558.33
- Monthly rental income from Napier Street office: £1,833.33
- Total monthly rental income: £14,399.99
- Total annual rental income: £172,799.88
- Total annual gross yield: 10.8%
Running costs
The vendor provided us with the following running costs for both HMOs 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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