Widnes, WA8 7RA | Investment Property for Sale | VES-WA8-004

Opportunity to purchase a 3-unit block in Widnes generating £30,600 rent pa & 9.3% gross yield

£330,000

3-unit Block

VES-WA8-004

INITIAL INVESTMENT

£96,900

Based on

deposit: £82,500

stamp duty: £9,900

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£30,600

GROSS YIELD

9.3%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

2,331

PRICE SQ FT

£142

Block information

  • The block is made up of 3 units comprising:
    • 2 x 2-bed apartments
    • 1 x commercial unit (tattoo studio)
  • The commercial unit was fully refurbished 3 years ago
  • The 2 apartments were fully refurbished 2 years ago
  • The apartments and commercial unit are fully let
  • EPC ratings C
  • Council tax band A

Rental information

  • Monthly rental income for the apartments: £1,350
  • Monthly rental income for the commercial unit: £1,200
  • Total monthly rental income: £2,550
  • Total annual rental income: £30,600
  • Total gross yield: 9.3%

Location information

  • The property is located in the centre of Widnes
  • Easy access to the A562 and A533 and the further road network

Note

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

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 Widnes, Cheshire

Widnes is a town in Cheshire, England on the northern bank of the River Mersey, directly across from Runcorn. Warrington is around 8 miles to the east and Speke, a part of Liverpool, is around 4 miles west.

Widnes is well connected via road network with the A562 going through the town connecting it to Liverpool and the M57 and M62 motorways.

The town also has two railway stations, Hough Green and Widnes which are operated by East Midlands Railway and Northern. Northern run regular services to Liverpool and Manchester city centre from both stations whilst East Midlands Railway connect Widnes with hourly services to Liverpool, Manchester, Stockport, Sheffield, Nottingham and Norwich. Typically passengers travelling to and from London, the Midlands and the South tend to travel to Runcorn station instead and make the short journey across the Mersey Gateway Bridge by bus or taxi.

There are two airports nearby, Liverpool John Lennon Airport, which is around 6 miles away and Manchester Airport, which is around 25 miles away.

Widnes town centre offers a diverse selection of popular high street stores and smaller independent boutiques as well as Widnes indoor and outdoor markets where one can find groceries, flowers and gifts. Widnes Shopping Park also offers a number of shops and food outlets.

There are also a number of community facilities such as the library in Victoria Square, The Queens Hall Studio, Victoria Park, Kingsway Leisure Centre and Hive Leisure Park.

Education is provided by a number of primary schools, nursery schools, three secondary schools, Riverside College and three special schools.

Widnes is an industrial town whose main industry is still the manufacture of chemicals.

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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.

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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