Yorkshire & North East | Investment Property for Sale | VES-DN1-004

Opportunity to purchase a 55-unit freehold portfolio generating £355,980 rent pa & 7.2% gross yield

£4,950,000

55-unit Portfolio

VES-DN1-004

INITIAL INVESTMENT

£1,442,500

Based on

deposit: £1,237,500

stamp duty: £148,500

mortgage fees: £1,500

conveyancing fees: £55,000

GROSS RENT

£355,980

GROSS YIELD

7.2%

ADD TO FAVOURITES

The portfolio

TENURE

Freehold

NO OF UNITS

55

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

24,015

PRICE SQ FT

£206

Portfolio information

  • Made up of 4 freehold blocks comprising:
    • 45 x 1-bed apartments
    • 8 x 2-bed apartments
    • 2 x commercial units
  • All units are fully tenanted
  • All blocks are managed by a third party
  • EPC ratings B, C, D & E

Block information

  • Doncaster block:

    • 8 x 1-bed apartments
    • 3 x 2-bed apartments
    • 2 x commercial units
  • Bishop Auckland block:

    • 7 x 1-bed apartments
    • 1 x 2-bed apartments
  • Rotherham block:

    • 20 x 1-bed apartments
  • Barnsley block:

    • 10 x 1-bed apartments
    • 4 x 2-bed apartments

Rental information

  • Aggregate rental income pcm: £29,665
  • Aggregate rental income pa: £355,980
  • Aggregate gross yield: 7.2%

Available upon request

  • Portfolio breakdown
  • EPCs for all units

Note

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

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 Barnsley, Bishop Auckland, Doncaster & Rotherham

Barnsley

Barnsley is a large town in South Yorkshire situated halfway between Leeds and Sheffield accessible via junctions 36, 37 and 38 of the M1 motorway. The town center lies on the west bank of the Dearne Valley, offering stunning surroundings. Barnsley is a characterful town in the heart of Yorkshire, offering a variety of entertainment opportunities such as The Parkway Cinema complex, rich history reflected in the historic buildings and events in the Cannon Hall and leisure and sports facilities. Some of Barnsley’s big employers are Asos, global manufacturer Esco, Warwick Ward Ltd, XPO Logistics, Barnsley Council and many more.

Bishop Auckland

Bishop Auckland is a market town in County Durham in north-east England. It lies around 12 miles north-west of Darlington, 12 miles south-west of Durham and 5 miles south-east of Crook. The A1(M) is around 8 miles away and connects it to London and Edinburgh. Bishop Auckland railway station is at the end of the Tees Valley line and runs hourly services to Darlington, Middlesbrough and Saltburn and also stops at Teesside International Airport. The airport is just east of Darlington town around 19 miles away. It is one of the UK’s smaller airport and offers flights to seven domestic and five European destinations. After the closure of the Durham coal mines the local economy is predominantly centred around manufacturing and engineering, tourism and leisure, construction and real estate, and retail.

Doncaster

Doncaster is located on the A1 and M18 motorways and is within 20 minutes of the key M1 and M62 motorways. The town is about 17 miles north-east of Sheffield, and is served by an international airport, Doncaster Sheffield Airport in Finningley. Doncaster train station links the town to the major cities of London, York, Leeds, Sheffield, Manchester, Newcastle and further North. The East Coast Main Line is linking England’s and Scotland’s capital and passing directly through Doncaster. There are a few large employers based in Doncaster such as Polypipe International, Trackwork and DFS (formerly Northern Upholstery) who still have their head office here and many more.

Rotherham

Rotherham is a town in South Yorkshire, England, located approximately 10 miles northeast of Sheffield. The M1 motorway is less than 3 miles from Rotherham town centre and connects it to Leeds in the north and London in the south. Rotherham Central railway station operates services to Doncaster, Wakefield and Leeds, as well as Meadowhall, Sheffield and York. The station is also served by the Sheffield Supertram trains, running between Rotherham Parkgate and Sheffield Cathedral. A large proportion of residents commute for work to places like the Magna 34 business park, which is just outside of town and is home to employers such as Tata Steel, Parcelforce, Magna Science Centre and a number of smaller businesses. Other large employers can be found within the Advanced Manufacturing Park (AMP), which is located on the border of Sheffield and Rotherham. Boeing, Rolls Royce and McLaren are some of the most well-known companies that have made their home here. Other include Sheffield Hallam University, Oracel, CBRE, Labflex A/S, Iceotope and Waldeck Consulting.

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