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Bridge Street, Darwen, BB3 2AA

PROPERTY TYPE

Flat

BEDROOMS

6

BATHROOMS

6

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Investment Opportunity
  • 6 Self Contained Studios
  • Town Centre Location
  • Gross Yield Potential of over 10%
  • One Bedroom Flats
  • Double Glazing

Description

A fantastic investment opportunity is offered to purchase 6 studio apartments in Darwen town centre. The apartments are on the first and second floor of a mixed use building in the heart of Darwen town centre. Each property is self contained and all utilities to each apartment are separate. Three of the studios have separate bedrooms above the living space. the others included in the living area. The apartments are mostly occupied and currently managed by Hunters Lettings Team and the property is sold with sitting tenants. Rents range between £250pcm to £295pcm however with rising rents and some further investment there is plenty of scope to lift the rents and the yield above 10% GTV. The central location gives the apartments plenty of appeal to a mix of tenants that are attracted by the nearby amenities, travel facilities and work opportunities. We are looking for cash buyers only and further details can be obtained y contacting Karl Baxter on .
**The property is located in the Selective License Area**
**Images show an example of one o 6 apartments**
**The Sale is for a 125year Under Lease Created in 2018**
**Service Charge Applies to Each Apartment**

FLAT A

First Floor studio apartment currently rented at £250pcm

FLAT B

First floor studio currently rented at £250pcm

FLAT C

First floor studio currently rented at £275pcm

FLAT D

Second floor studio with bedroom currently rented at £275pcm

FLAT E

Second floor studio with separate bedroom currently rented at £275pcm

FLAT F

Second floor studio with separate bedroom currently available at £295pcm

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

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Bridge Street, Darwen, BB3 2AA

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Darwen Station0.2 miles
  • Mill Hill Station3.2 miles
  • Entwistle Station3.4 miles
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About the agent

Hunters, Darwen

207-209 Duckworth Street, Darwen, BB3 1AU

Blackburn & Darwens Leading Estate Agent
Karl Baxter 

Franchise owner Karl Baxter has over 30 years experience in the property industry. Karl comments - 

"We are constantly using technology and media to enhance how we promote our clients' properties to give them the best chance of sale. We combine this with first class customer service and communication with our clients".

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Disclaimer - Property reference DARSP205869. 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 Hunters, Darwen. 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.

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