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Old School House, Lea Gate, Bolton, North West, BL2


£273.35 per sq ft

Business rates & charges may apply

Fletcher CRE LTD, Bolton

10,975 sq ft

1,020 sq m


Residential development for sale

Key features

  • High Quality Residential Development
  • Shortlisted for RIBA North West Awards
  • Fully Let and income producing
  • Freehold site of 0.7 Acres
  • Reversionary potential


The opportunity is to acquire a fully let modern residential investment. The property comprises a converted former School House with a new build extension completed towards the end of 2021. Providing 14 modern apartments each offering their own unique style and character. The accommodation ranges from 1- 3 bed apartments offering a mix of single floor, duplex and in one instance triplex living. The property extends to a total accommodation of 10,975 sq ft on a site of 0.7 acres

The investment is fully occupied and had a high level of demand due to the property being situated in a very popular area of Bolton. From the information provided we understand the current net Income £181,320, plus a Service charge cost which is being paid by the tenant equating £18,456 resulting in a total annual Income of £199,776 per annum. We feel the apartments are reversionary and we estimate they have an Estimated Rental Value of £200,000 per annum plus the service charge.

The apartment is situated in an attractive setting, it benefits from a large car park and landscaping. There are a number of amenities close by, including restaurants pubs a local shopping parade and Morrisons supermarket. There are also a number of excellent primary and secondary schools in the near vicinity.


Old School House, Lea Gate, Bolton, North West, BL2


Distances are straight line measurements from the centre of the postcode
  • Bromley Cross Station0.7 miles
  • Hall i' th' Wood Station0.8 miles
  • Bolton Station2.5 miles

About Fletcher CRE LTD, Bolton

20 Halcyon House Chorley New Road Bolton BL1 4AP

Fletcher CRE LTD, Bolton

Fletcher CRE are a well-established firm of specialist property consultants and Chartered Surveyors with over 30+ years of property experience covering a range of disciplines and services. Fletcher CRE is well established across Greater Manchester and Lancashire and ensures optimal service levels and professionalism. Each staff member prides itself on offering high quality, professional advice and standards.

The Services we offer include:

-Office, industrial and retail agency

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Disclaimer - Property reference 1828FH. The information displayed about this property comprises a property advertisement. 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 Fletcher CRE LTD, Bolton. 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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