House For Sale Eastgate, Accrington, BB5
£3,000,000
1 of 8
- Description
- Street View
- Maps
Last Updated: 14th May 2024
Description
APARTMENT BLOCK FOR SALE! FANTASTIC INVESTMENT OPPORTUNITY! 45 SELF CONTAINED UNITS WITHIN BLOCK!
A rare opportunity to acquire a brilliant investment property in a prime town centre location consisting of 45 self-contained apartments. The apartments are a mix of studio, 1-bed and 2-bed apartments and there has been no less than 95% occupancy rate since 2020. At full capacity the annual rental income is in excess of £290,000.
The property has undergone substantial improvements since 2020 including a new roof and re-sealing of all external windows. The roof would lend itself to solar panels* and there is communal space on each floor which would allow for vending machines with the basement ideal for a laundry room, all of which could provide additional income streams.
The property also benefits from secure, intercom entry system and the car park is allocated to occupants of Melbourne House on a first-come, first-served basis.
Viewings are available strictly by appointment. Please contact Jordan & Halstead Asset Management for more information and viewing enquiries.
*subject to scheme suitability and approval.
A rare opportunity to acquire a brilliant investment property in a prime town centre location consisting of 45 self-contained apartments. The apartments are a mix of studio, 1-bed and 2-bed apartments and there has been no less than 95% occupancy rate since 2020. At full capacity the annual rental income is in excess of £290,000.
The property has undergone substantial improvements since 2020 including a new roof and re-sealing of all external windows. The roof would lend itself to solar panels* and there is communal space on each floor which would allow for vending machines with the basement ideal for a laundry room, all of which could provide additional income streams.
The property also benefits from secure, intercom entry system and the car park is allocated to occupants of Melbourne House on a first-come, first-served basis.
Viewings are available strictly by appointment. Please contact Jordan & Halstead Asset Management for more information and viewing enquiries.
*subject to scheme suitability and approval.
Agent Details
Jordan & Halstead
Grosvenor Street, Chester, CH1 2DD
Show Contact Number
01244 321 080
Investment Analysis
Annual Rent:
Annual Mortgage Interest:
Annual Costs:
Calculators
Mortgage Finder
Show me the cheapest mortgage for this property matched to my personal circumstances and risk appetite.
No minimum income required
Similar Properties
A few properties that are similar to this property. See more properties like this.
£80,000
Accrington, BB5
Terraced
8.4
£80,000
Accrington, BB5
Terraced
8.4
£80,000
Accrington, BB5
Terraced
8.4
Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.