Willow Street, Oswestry, Shropshire
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
6
- SIZE
2,616 sq ft
243 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
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Key features
- £46,800 rental income per annum
- Low operating costs
- Central Oswestry location
- Low void periods
- Six apartments for sale on one freehold title
Description
Pure Investor is delighted to present a unique opportunity to acquire a block of six self-contained apartments for sale under a single freehold title. Previously offices, a conversion in May 2022 has delivered a popular destination for tenants seeking long-term rental accommodation in central Oswestry. The property is currently operating on a self-managed basis with very low rental voids.
Key to the appeal to investors will be the low operating costs which result in an estimated net rental income of £45,540.00 per annum, representing a net rental yield of over 8.5% per annum.
Investment Highlights
- Guide Price: £535,000.00
- Fully tenanted at present
- Low voids
- Currently self-managed
- Good condition throughout
- All planning and building consents in place
Financials
- Rental income of £3,900.00 per calendar month
- Gross rental income per annum - £46,800.00
- Annual operating costs per annum - £1,260.00
- Estimated net rental income - £45,540.00
- Estimated net rental yield - 8.51%
Outgoings
- Council Tax: £0 (tenant pays)
- TV Licence: £0 (tenant pays)
- Water: £0 (tenant pays)
- Energy: £0 (tenant pays)
- Cleaner (communal areas & on other site activities): £1,260
- Broadband: £0 (tenant pays)
Total Monthly Outgoings: £105.00
Total Annual Outgoings: £1,260.00
Tenant Profile
The apartments are tenanted by a mixture of single working professionals (male and female), young couples and young families.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Visit our security centre to find out moreDisclaimer - Property reference PUROSWWILL59. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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