Property description
A unique investment opportunity that can potentially provide rental income of approximately £33,548 per annum (£2,795.68 per month, via 12 dwelling rooms that are part of this large property that was originally two neighbouring properties. Positioned just outside of the town centre of Bury, the property is ideally placed for easy access to the excellent amenities of the area, including: shops, leisure and recreational facilities, the town centre and easy access to the motorway and Metrolink networks.
The accommodation on offer briefly comprises: Ground floor: hallways, lounge, dining room, 2 kitchens, rooms 1 & 2, there is storage space to the basement, the first floor comprises: two bathrooms/w.c, 1 shower room w.c, 1 guest w.c, rooms 3,4,5,6,11 & 12, second floor: room 7,8,9 and 10. Externally there is a courtyard to the rear that may suit as parking and garden areas to the front.
As of march 2015 we are advised that 9 and 12 dwelling rooms are let on an Assured Short Hold Tenancy agreements, we hope to have more in depth information in due course but we are advised that the income rates are:
Room 1: £260 per month
Room 2: £260 per month
Room 3: £216.67 per month (currently vacant)
Room 4: £216.67 per month
Room 5: £216.67 per month
Room 6: £216.67 per month (currently vacant)
Room 7: £239.00 per month
Room 8: £216.66 per month
Room 9: £216.67 per month (currently vacant)
Room 10: £216.67 per month
Room 11: £260.00 per month
Room 12: £260.00 per month
In our opinion the property offers a fantastic investment opportunity for someone to buy an existing property investment that is already creating an income, or an opportunity to add to an existing portfolio.
Viewing is highly recommended and can be arranged via our Bury office on 0161 761 1215
The property has two front entrance's each leading to a hallway and accommodation spanning three floors with gas central heating served by two boilers and majority double glazing.
Ground Floor:
Two halls each with access to a cellar.
Central Communal Reception Front: - 16' 9'' x 12' 8'' (5.10m x 3.86m)
Rear Communal Reception Room: - 15' 10'' x 10' 7'' (4.82m x 3.22m)
Kitchen Rear: - 12' 8'' x 9' 3'' (3.86m x 2.82m)
Laundry Room: - 10' 10'' x 8' 10'' (3.30m x 2.69m)
Rear with external access.
Shower Room:
Rear facing.
Flat 1: - 14' 7'' x 14' 2'' (4.44m x 4.31m)
Front facing.
Flat 2: - 15' 10'' x 11' 11'' (4.82m x 3.63m)
(and 10'4) Rear facing.
First Floor:
Flat 3: - 16' 0'' x 11' 7'' (4.87m x 3.53m)
Rear facing.
Flat 4: - 16' 3'' x 13' 9'' (4.95m x 4.19m)
Rear facing.
Flat 5: - 14' 7'' x 13' 3'' (4.44m x 4.04m)
Rear facing.
Flat 6: - 11' 4'' x 6' 6'' (3.45m x 1.98m)
Front facing.
Flat 12: - 14' 8'' x 12' 0'' (4.47m x 3.65m)
Rear facing.
Flat 11: - 11' 2'' x 8' 0'' (3.40m x 2.44m)
Front facing.
Bathroom:
Separate w.c and shower room.
Second Floor Landing:
Flat 7: - 17' 7'' x 9' 11'' (5.36m x 3.02m)
Front facing.
Flat 8:
No measurements available.
Flat 9: - 9' 4'' x 7' 2'' (2.84m x 2.18m)
Rear facing.
Flat 10: - 16' 6'' x 9' 8'' (5.03m x 2.94m)
Front facing.
Price:
£120,000
Disclaimer:
This brochure is a representative of the property offered for sale or rent, as a guide only. Brochure content must not be relied upon as fact and does not form any part of a contract. Measurements are approximate. No fixtures or fittings, heating system or appliances have been tested, nor are they warranted by Cardwell's or any staff member in any way as being functional or regulation compliant. Cardwell's do not accept any liability for any loss that may be caused directly or indirectly by the brochure content. All interested parties must rely on their own or their surveyors findings. Any floor plan provided is for illustrative purposes only and should be used as such by any interested party.
Property Features :
- Investment Opportunity
- 12 Dwellings In Total
- Sold With Tenants In Place
- Circa £33,548 PA Potential Return
- 9 of 12 Let (As of March 15)