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1 bedroom flat for sale

Nelson Square, Bolton


Property Description

Key features

  • Based in the heart of Bolton town centre with a plethora of shops, bars and restaurants on the doorstep
  • An easy commute to and from Bolton University
  • Secure entrance via key fob only
  • Entrance lobby with concierge and security desk
  • Modern studio flat with kitchen facility and separate bathroom
  • Communal Lounge and Games Room
  • Gymnasium and Laundry Room
  • Every flat is currently rented, with a strong demand for any that become vacant.
  • Six flats available to purchase, can be bought in a bulk buy if desired
  • Will appeal to investors looking to expand their current rental portfolio

Full description

The Pack Horse is a converted former hotel based at Nelson Square in the heart of Bolton town centre, now exclusively for use by the ever growing student community studying at Bolton University. Includes a communal lounge and games room plus a gymnasium and laundry room for the students to use when not studying. The Pack Horse is within easy reach of a plethora of shops, bars and restaurants and is within walking distance of Bolton University. Will appeal to property investors looking to expand their current rental portfolio. The apartment comes with a sitting tenant in situe. Every apartment is currently rented out, and there is a demand for any that become readily available to rent.

Currently the studio apartment is being rented out at a rate of £80 per week or £4,160 per annum.

Other service charges and fees,
Management fee of 8% + VAT.
Service charge is approx £1200 per annum.
Ground rent is approx £200 per annum.

Approx 6% yield return per annum.

Entrance Lobby - An attractive entrance lobby with concierge and security desk.

Concierge And Security Desk - Concierge and Security desk within the entrance lobby. Entry into the lobby from Nelson Square is via secure key fob only.

Stairwell To Upper Floors - Attractive modern staircase to the upper floor rooms and communal areas.

Classic Studio Apartment - A modern classic studio apartment with kitchen facility and a separate bathroom suite.

Communal Lounge And Games Room - A superb communal lounge and games room for the students to enjoy. Includes modern leather sofas, chairs plus a pool table, table tennis and table top football games.

Gymnasium - A gymnasium for the students to use in their spare time.

Laundry Room - The communal laundry room with coin operated machines for the students to wash and dry their clothing while staying at The Pack Horse complex.

More information from this agent

Listing History

Added on Rightmove:
05 October 2016

Map & Street View

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