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

£3,176,280

GROSS RENT / YIELD

£420,300 / 6.0%

NET RENT / YIELD

£286,911 / 4.1%

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 new development in Stevenage with 202 apartments spread over five floors in two seperate 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 the property is supplied by the vendor and the latest available at the date of listing.

Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.

Financials

Rental Income

GROSS RENT PER ANNUM

£420,300

Equivalent of £35,025 per calendar month (PCM).

GROSS RENTAL YIELD

6.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£286,911

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

4.1%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£133,389

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.

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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