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Wednesday, February 26, 2014

Gross yield 14%

Landlords looking for a high gross yield should have a look at this Grade 2 listed building in Warrington.  Anybody looking to take on this block will have to factor in the management of the 56 ASTs.  At the usual rate of say 12% of gross rent that will reduce the current rent of £509,340 by about £60,000. 

Are there arbitrage opportunities in the future to sell off the units to private buyer over the next few years?  Could be a good long-term investment.  From the look of these Land Registry figures the original buyer may well have caught a cold. Interesting...

Barton Court, Central Way, WARRINGTON, WA2 7TE

Subject to contract


    •    56 individual long leasehold flats (8 x one bedroom and 48 x two bedroom)
    •    Located next to Warrington Central Railway Station
    •    Total current rent £509,340 (annual equivalent)
    •    Gross Yield 14.1%
    •    Let subject to multiple licences to occupy on terms
    •    ranging from 3 months to 12 months
    •    Average occupancy over last three years – 92%
    •    Allocated parking
    •    Grade II Listed

Offers in excess of £3,600,000

Michael Gorman +44 (0)113 236 6683
Anthony Hart +44 (0)113 243 7950

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