Stevenage, SG1 1AY | Investment Property for Sale | VES-SG1-006

Investment opportunity to purchase a portfolio in Stevenage with guaranteed rent of £840,600 over two years

£7,005,000

30-Unit Portfolio

VES-SG1-006

INITIAL INVESTMENT

£2,058,000

Based on

deposit: £1,751,250

stamp duty: £275,250

mortgage fees: £1,500

conveyancing fees: £30,000

GROSS RENT

£420,300

GROSS YIELD

6.0%

ADD TO FAVOURITES

Guaranteed rent

A fixed rental income, paid each and every month without all of the normal stresses involved in letting a property.

You still get rent even if the property isn’t tenanted. See property description for more details.

The portfolio

TENURE

Leasehold

NO OF UNITS

30

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

15,068

PRICE SQ FT

£465

GROUND RENT

£7,086

SERVICE CHARGE

£31,123

Park Place combines contemporary architecture with modern interiors and landscaped open spaces. It is within close proximity to Stevenage's shopping district and town centre amenities. Designed by a multi-award-winning Gardner Stewart Architects, Park Place is the most anticipated new development in Stevenage with 202 apartments spread over five floors in two separate buildings, Mulberry and Boston House.

This portfolio of apartments in Park Place offers a unique collection of Manhattan studios, one and two bedroom homes.

Apartments Feature

  • Stylish worktops and integrated appliances
  • Plush carpets and light colour schemes
  • Bathrooms with modern design and chrome accents

Portfolio Breakdown

  • 12 x Studios
  • 11 x 1-Bed
  • 7 x 2-Bed

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 Stevenage, Hertfordshire

Stevenage is a town and borough in the county of Hertfordshire which acts as a commuter town and is situated approximately 28 miles north of the City of London.

Thameslink operates southbound services where you can get to Finsbury Park in 15 mins. Stevenage Railway Station lies on the East Coast Main Line and is managed by LNER. The train service is capable of getting to London King’s Cross in approximately 20 minutes.

The town centre benefits form a large pedestrianised area that features a wide array of shopping, dining and entertainment. Here one can find Roaring Meg Retail Park which has a selection of well-known department stores like Debenhams and other household names like Argos, Harveys and Furniture Village. Just up the road from here there is also a Cineworld Cinema Complex and Westgate Shopping Centre that features over 30 great stores including some of the biggest high street names in the country such as H&M and River Island.

Stevenage is home to many large employers’ head offices such as GlaxoSmithKline, Airbus Group Ltd, Paddy Power Betfair and Fujitsu to name a few.

This location could be perfect for young families that may be looking for local educational options for their young children that are in walking distance. Round Diamond Primary School is around 5 minutes away from this property and offers mixed sex teaching up to the age of 11.

Park Place,

Stevenage,

Hertfordshire,

England,

SG1 1AY

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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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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