Opportunity to purchase a 2-unit mini portfolio in Widnes generating £52,200 rent pa & 10.2% gross yield
£510,000
2-unit Portfolio
VES-WA8-012
INITIAL INVESTMENT
£151,800
Based on
deposit: £127,500
stamp duty: £20,800
mortgage fees: £1,500
conveyancing fees: £2,000
GROSS RENT
£52,200
GROSS YIELD
10.2%
The portfolio
TENURE
Freehold
NO OF UNITS
2
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
TBC
PRICE SQ FT
£0
Please note that the vendor is open to selling the units individually, see our separate listings.
Portfolio information
- The portfolio is made up of 2 x freehold properties comprising:
- Block 1
- 2 x 2-bed apartments
- 1 x commercial unit (tattoo studio)
- Block 2
- 1 x 2-bed apartment
- 1 x 1-bed apartment
- The properties were fully refurbished in the last 5 years
- EPC ratings: C
- Council tax bands: A
Rental income
Both properties are fully let and generate:
- Aggregate monthly rental income: £4,350
- Aggregate annual rental income: £52,200
- Aggregate gross yield: 10.2%
Location information
- The properties are located within the centre of Widnes
- All local amenities can easily be reached on foot
- Widnes railway station is approximately 1.3 miles away
- 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.
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Floorplans
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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.
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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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