Three Refurbish Flats All Tenanted
Rental Income Of £18,000 Per Annum
Buy To Let Opportunity
**Recently Fully Refurbished**
Electric Heating - No Gas
Quality Tenants On Contracts
Close To Bury Town Centre
Metrolink in Walking Distance
EPC - C
Blacks Brokers are pleased to bring to the market this freehold investment property located in Bury, Greater Manchester.INTRODUCTION
144 Willow Street is three investment flats recently fully refurbished in a residential area of Bury close to the Town Centre. The property is currently occupied with three residential tenancy agreements in place generating a combined monthly income of £18,000 per annum (6% Yield Return) making this a strong return on investment. LOCATION
The property is located in this residential area just one mile from Bury’s metro link station that goes directly into Manchester and less that half a mile to the M66 motorway network making this an ideal location for commuters ensuring that demand is high for this type of rental accommodation. REASON FOR SALE
This opportunity has become available due to our clients retirement plans and therefore this is an exciting opportunity for a new owner. LEASE
The building is freehold and therefore no leases are applicable on the property. BUILDING LAYOUT AND DESIGN
The property is 100% residential and is divided into three investment flats, one on the top floor and two on ground floor level.
The top floor flat has three bedrooms, one double with two single, , kitchen and lounge, bathroom.
The first ground floor flat has one double bedroom, kitchen / lounge, and bathroom, and the second ground floor flat has lounge, kitchen, double bedroom, and bathroomFINANCIAL
The flats generate a combined rental income of £1500 per month, £18,000 per annum generating a strong 6% yield return on investment. The flats are tenanted and this type of property is always in demand on the rental market due to its convenient location to the motorway networks and rail links. SUMMARY
This is a large property that is located in a popular residential area of Bury. The building offers three lucrative income streams and therefore we expect interest to be high. Early viewings are advised.