Wath upon Dearne, S63 7ER | Investment Property for Sale | VES-S63-001

Opportunity to acquire an unbroken apartment block excluding freehold in Wath upon Dearne

£10,161,250

109-unit Block

VES-S63-001

INITIAL INVESTMENT

£2,955,650

Based on

deposit: £2,540,313

stamp duty: £304,838

mortgage fees: £1,500

conveyancing fees: £109,000

GROSS RENT

£627,300

GROSS YIELD

6.2%

ADD TO FAVOURITES

The block

TENURE

Leasehold

NO OF UNITS

109

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

40,312

PRICE SQ FT

£252

GROUND RENT

£27,250

SERVICE CHARGE

£87,200

Block information

  • Converted office to apartment block
  • Freehold not for sale
  • 109 brand new apartments arranged over 4 floors (ground to 3rd floor)
  • The block comprises:
    • 5 x studios (estimated size of 270 to 345 sqft)
    • 94 x 1-bed apartments (estimated size of 280 to 590 sqft)
    • 10 x 2-bed apartments (estimated size of 320 to 590 sqft)
  • Each apartment comes with:
    • Open plan kitchen/living room
    • Fully fitted kitchen and appliances
    • Shower room
  • There is external parking for all apartments
  • Lift access to all floors
  • EPC ratings C & D

Leasehold information

  • Length of lease: 125 years
  • Year lease started: 2018

Rental information

  • The property is 80% let at the time of listing and rents are being achieved at very close to the estimated rental values
  • It is expected that the property is 100% let by July 2021
  • Aggregate monthly rental income once fully let: £52,275
  • Aggregate annual rental income once fully let: £627,300

Available upon request

  • Block breakdown
  • Leasehold information per unit
  • EPCs for all units

Notes

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

The floorplans are examples of a studio apartment, 1-bed, and a 2-bed apartment in this development. Layout and sizes will vary.

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 Wath-upon-Dearne, Rotherham, Yorkshire

Once described as the Queen of Villages by the poet and journalist James Montgomery, Wath upon Dearne is undergoing a process of regeneration from the inside.

Wath upon Dearne is a town in West Riding of Yorkshire and the Metropolitan Borough of Rotherham, South Yorkshire, England. It lies 5 miles (8 km) north of Rotherham, almost midway between Barnsley and Doncaster and 13 miles from Sheffield. It had a population of 11,816 at the 2011 census.

Wath upon Dearne is centred on Montgomery Square, where the town's main shops, library and bus station are located. There are several busy high-street pubs in the town centre, including Rotherham's first micro-pub specialising in locally brewed real ale.

The town has a small but bustling shopping area,, including amongst others Wath Sports, BARC Animal Rescue Charity Shop and Lilly Pot’s flower shop. There is also a large Tesco Superstore and a smaller Asda Store within walking distance of the Square.

There are four primary schools, two secondary schools and a further education college, Dearne Valley College. Education attracts students from a wider area.

Recently several very large distribution warehouses for the clothing chain Next have opened and a significant amount of new housing is also being built.

Wath upon Dearne is the home to Dearne valley College Campus. Other businesses in the area include Dearne Valley Day Nursery, Morphy Richards Head Office, RBS, Dearne Valley College, Maplin Head Office and a NEXT Distribution centre.

The area has excellent road links which lead to Junction 36 of the M1 to the west which connects it to Leeds in the north and London in the south. Junction 36 of the A1(M) to the east. Mainline rail services are available from nearby Doncaster, whilst Leeds Bradford Airport and Doncaster Airport are within easy motorway drives.

Golden Smithies Lane,

Wath upon Dearne,

Rotherham,

South Yorkshire,

England,

S63 7ER

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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.

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