Widnes, WA8 | Investment Property for Sale | VES-WA8-008

Opportunity to purchase a 3-unit portfolio in Widnes generating a 13.3% gross yield

£550,000

3-unit Portfolio

VES-WA8-008

INITIAL INVESTMENT

£162,000

Based on

deposit: £137,500

stamp duty: £20,000

mortgage fees: £1,500

conveyancing fees: £3,000

GROSS RENT

£73,188

GROSS YIELD

13.3%

ADD TO FAVOURITES

The portfolio

TENURE

Leasehold

NO OF UNITS

3

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

3,574

PRICE SQ FT

£154

GROUND RENT

£45

Please note that this smaller portfolio is also part of a larger portfolio.

Portfolio information

The portfolio is made up of:

  • 2 x 6-bed properties
  • 1 x 4-bed properties
  • All properties are fully HMO licenced
  • The properties are on long leasehold titles with over 800 years of the lease remaining
  • EPC ratings C & D
  • Council tax bands A & B

Rental information

  • All properties are let at the time of listing
  • Aggregate monthly rental income: £6,099
  • Aggregate annual rental income: £73,188
  • Aggregate gross yield: 13.3%

Running costs

The vendor provided us with the following running costs for the portfolio:

  • Aggregate monthly cost: £1,008
  • Aggregate annual cost: £12,096

Available upon request

  • Portfolio breakdown
  • Leasehold information
  • EPCs for all units

Note

Please note that Vesta has not visited all of the properties and that the vendor has provided some of the 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 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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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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