Stoke-on-Trent, ST1 3JE | Investment Property for Sale | VES-ST1-003

Opportunity to purchase a 5-unit block in Stoke generating £25,644 rent pa & gross yield of 15.1%

£169,950

5-unit Block

VES-ST1-003

INITIAL INVESTMENT

£54,086

Based on

deposit: £42,488

stamp duty: £5,099

mortgage fees: £1,500

conveyancing fees: £5,000

GROSS RENT

£25,644

GROSS YIELD

15.1%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

5

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

1,152

PRICE SQ FT

£148

Block information

  • This block comprises 5 x self-contained studio flats
  • Split over 2 floors
  • There is also a shared kitchen on the ground floor
  • Access to the rear paved yard via the kitchen
  • There is space for 3 cars in the rear yard
  • EPC rating: F; the vendor is in the process of improving the rating
  • Council tax bands: A

Rental information

The flats are fully let achieving:

  • Monthly rental income: £2,137
  • Annual rental income: £25,644

Available upon request

  • Block breakdown
  • EPCs for all units

Location information

  • The property is located in the Joiners Square area of Stoke-on-Trent
  • Stoke city centre is around 1.5 miles from the property
  • Stoke-on-Trent railway station is just over 1 mile away
  • Staffordshire University is a 10-minute walk away
  • Easy access to the A500 and wider road network

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

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 Stoke-on-Trent, West Midlands

Stoke-on-Trent is a city in the county of Staffordshire in the West midlands of England. The city is situated 15.1 miles south east of Crewe, 20.3 miles south of Macclesfield and 33.5 miles west of Derby.

This area is serviced by Stoke-on-Trent railway station which is a mainline railway station on the West coast main Line and is managed by Virgin Trains. Virgin Trains offers fast train routes to London Euston and another service to Milton Keynes Central both of which are non-stop. Northern operates two services along the Stoke-Manchester Line, of which Stoke acts as the terminus station. East Midland Trains operate services along the Crewe to Derby Line.

The main shopping centre in this city is the Potteries Shopping Centre, which houses around 90 stores and restaurants. Major popular high street brands such as Next, New Look, Gap, HMV all have shops here.

The city has an array of cultural attractions in the area known as The Cultural Quarter, here one can find The Potteries Museum & Art Gallery, the Regent Theatre and the Victoria Hall. Smaller venues such as the Dazed Gallery and AirSpace provide the city’s only contemporary art gallery spaces.

Stoke-on-Trent city council is the biggest employer in the city, followed by the Royal Stoke University Hospital which employs over 7,00 members of staff alone. There are several large employers in town and around 9,000 firms, including bet365, a large Vodafone call centre. Other large employers such as the Michelin tyre company which has a complex in the city including its commercial office, training centre and a truck tyre re-treading facility. The Co-Operative Pharmacy and Sainsbury’s supermarket both have large warehouses in the city.

Victoria Road,

Stoke-on-Trent,

Stoke-on-Trent,

England,

ST1 3JE

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