Wath upon Dearne, S63 7ER | Investment Property for Sale | VES-S63-002

Opportunity to acquire a purpose-built apartment block with freehold in Wath upon Dearne

£2,821,250

29-unit Block

VES-S63-002

INITIAL INVESTMENT

£820,450

Based on

deposit: £705,313

stamp duty: £84,638

mortgage fees: £1,500

conveyancing fees: £29,000

GROSS RENT

£191,100

GROSS YIELD

6.8%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

29

TENANCY STATUS

Vacant

FURNISHED

No

TOTAL SQ FT

14,508

PRICE SQ FT

£194

Block information

  • Purpose-built apartment block with freehold
  • Works are expected to be completed in August 2021
  • 29 brand new apartments arranged over 3 floors (ground to second floor)
  • The block comprises:
    • 22 x 1-bed apartments (estimated size of 460 sqft)
    • 7 x 2-bed apartments (estimated size of 620 sqft)
  • All apartments come with:
    • Open plan kitchen/living room
    • Fully fitted kitchen and appliances
    • Allocated parking
  • Lift access to all floors
  • EPC rating: tbc

Rental information

Once fully let the expected rental income is:

  • Aggregate monthly rental income £15,925
  • Aggregate annual rental income £191,100
  • Aggregate gross yield 6.1%

Freehold information

  • The freehold has been appraised at £181,250 based on total ground rent of £7,250 pa and the units being on separate 125-year leases (commencing from 2020).
  • The service charge budget is estimated at £23,200 pa.

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 1-bed, and a 2-bed apartment in this development. Layout and sizes will vary.

At the time of listing there are no EPCs available for this property. However, Vesta will add these as soon as they have been received.

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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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.

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