Commercial Property for sale

Egerton Court, Barrow In Furness

Guide Price £1,850,000

Property Description

Full description

WE ARE PLEASED TO OFFER FOR SALE THIS BLOCK OF 56 FLATS. THE BLOCK BRIEFLY COMPRISES OF 28 ONE BEDROOM FLATS AND 28 TWO BEDROOM FLATS.
FOR FURTHER INFORMATION REGARDING THE RENTAL INCOME PLEASE CONTACT RORY. THERE IS ROOM FOR AN UP LIFT IN THE RENTS AS THE RENTS ARE CURRENTLY BELOW THE LHA RATE FOR THE AREA. IF THE RENTS WERE OPTIMISED THE YIELD WOULD INCREASE TO 14.17%. PLEASE SEE ATTACHED SHEET DETAILING LOCAL LHA RATES.
THERE IS CURRENTLY A BUILDING MANAGER ON SITE WHO DEALS WITH RENT COLLECTION, MAINTENANCE ISSUES AND THE GENERAL DAY TO DAY RUNNING OF THE FLATS. HE IS LOOKING TO STAY ON AT THE PROPERTIES IF POSSIBLE AND WOULD BE A GREAT ASSET FOR ANY NEW BUYERS.

THE PROPERTY IS ON A 125 YEAR LEASE AND THE GROUND RENT IS £250.00 PER ANNUM PER FLAT.

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More information from this agent

Nearest stations

  • Barrow-in-Furness (1.2 mi)
  • Roose (1.8 mi)
  • Dalton (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Tom Clarke, Manchester

230 Moston Lane Moston Manchester M40 9NS

0161 468 0250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Barrow-in-Furness (1.2 mi)
  • Roose (1.8 mi)
  • Dalton (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Tom Clarke, Manchester

230 Moston Lane Moston Manchester M40 9NS

0161 468 0250 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 26532090. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Tom Clarke, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.