Warrington | Investment Property for Sale | VES-WA5-008

Opportunity to purchase a 10-unit portfolio in Warrington which generates a 6.6% gross yield

£1,479,000

10-unit Portfolio

VES-WA5-008

INITIAL INVESTMENT

£430,200

Based on

deposit: £369,750

stamp duty: £48,950

mortgage fees: £1,500

conveyancing fees: £10,000

GROSS RENT

£97,440

GROSS YIELD

6.6%

ADD TO FAVOURITES

The portfolio

TENURE

Leasehold

NO OF UNITS

10

TENANCY STATUS

Tenanted

FURNISHED

Part and part

TOTAL SQ FT

8,493

PRICE SQ FT

£174

The vendor is open to selling the units individually for which we have separate property listings.

Portfolio information

  • The portfolio comprises 10 terraced houses:
    • 1 x 4-bed HMO, fully licenced
    • 1 x 3-bed HMO, fully licenced
    • 3 x 3-bed houses
    • 5 x 2-bed houses
  • All properties are being sold on a leasehold basis
  • EPC ratings: C & D
  • Council tax bands: A & B

Leasehold information

  • Length of leases: varying between 930 and 999 years
  • Year leases started: varying between 1892 and 1957
  • Years left on leases: varying between 845 and 902 years (from 2022)
  • Service charges: n/a
  • Service charge review periods: n/a
  • Ground rents: peppercorn
  • Ground rent review periods: n/a

Rental income

All properties are let and achieve:

  • Aggregate monthly rental income: £8,119.96
  • Aggregate annual rental income: £97,439.52
  • Aggregate gross yield: 6.6%

Location information

  • The properties are located in central Warrington
  • All are within walking distance of the shopping centre, bus and railway stations
  • See our map view for details below

Available upon request

  • Portfolio breakdown
  • Running costs for the HMOs
  • EPCs for all units

Note

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

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 Warrington, NW

Warrington is a large town in Cheshire, England, on the banks of the river Mersey. It lies around 20 miles east of Liverpool and 20 miles west of Manchester.

The town is well situated with close access to the M62, M6 and M56 motorways connecting it to a number of cities including Liverpool, Hull, Manchester, Coventry, Birmingham and all the way to Carlisle.

Warrington is also well connected via 2 railway stations. Bank Quay station is on the West Coast Main Line connecting London Euston and Glasgow Central, as well as Manchester Piccadilly to North Wales via Chester. Central station is on the Liverpool to Manchester line and runs services between Liverpool and the North East of England or East Anglia.

Warrington is a historic town and at its heart it still offers great shopping including Golden Square Shopping Centre, home to numerous major brands. There are also a number of out of town retail parks which include Britain’s first Ikea.

The Warrington Museum and Art Gallery showcases the development of the town and hosts several contemporary and specialist street art exhibitions. Parr Hall, the town’s concert hall, and the Pyramid, an arts centre, provide a multitude of music concerts and shows for all ages year round. Other attractions include Walton Hall and Gardens and Gulliver’s World theme park, as well as Daresbury Church with its Alice in Wonderland stained glass windows.

For nature lovers there are the Trans Pennine Trail, Risley Moss Nature Reserve, Lymm Damm, Culcheth Linear Park, Sankey Valley Park and Victoria Park. Warrington is also well located to access the Peak District, North Wales and the Lake District.

There are many job opportunities in the local area including big employers such as Warrington Council, Warrington & Halton NHS Foundation Trust, Hewlett Packard, Sellafield Ltd, Certas Energy, Rolls-Royce Nuclear as well as AECOM, Atkins and CH2M, to name a few.

What makes us different?

Vesta’s sole purpose is to make buying and selling rental property easy for both landlords and tenants.

Benefits include:

  • Buy tenanted property
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Questions?

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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.

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