UNIQUE INVESTMENT OPPORTUNITY** BLOCK OF 15 FLATS & STUDIOS FOR SALE ** UNDERGONE A FULL REFURBISHMENT IN 2013 ** GROSS YIELD 8.1% ** RENTAL INCOME £65K PER ANNUM ** ALL FLATS HAVE MODERN FITTED KITCHENS AND SHOWER ROOMS ** COURTYARD WITH GATED ACCESS **
LOCATION These flats are within easy reach of Accrington Town Centre and approx 300 yards from the local Train Station. The M65 motorway is a short drive away.
DESCRIPTION Situated in a busy residential area in Church, to the South East of Accrington, Lancashire. This former Club House and adjoining terraced properties were converted into Flats & Studios several years ago.
Having attracted predominantly Professional lets over the years these properties appeal to a broad audience.
13 Modern Studio Apartments
2 x 1 Bedroom Flats
Large Basement (not currently utilised) Shared Laundry Room (with token operated Washer/Dryers)
Courtyard with Gated Access All flats have Modern Fitted Kitchens & Modern Shower Rooms
High Energy Efficient Electric Heaters
Instant Hot Water
Communal Satellite Installation & Wifi Pre-Pay Electric Meters for Each Apartment
Double Glazed (The 2 x 1 Bedroom Flats have slight variations to these specifications)
With Managing Agent in Place
Gross annual rental inc- £65000
Gross Yield at full occupancy 8.13%
PARKING NOTES There is a car park to the rear of the property for residents
VIEWING Viewings are through Ainsworth Lord Estates.