Northwest House, 77-81 Bank Parade, Burnley, Lancashire, BB11 1EL
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
27
- BATHROOMS
27
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- A converted office building that has been converted to provide 27 studio apartments
- 25 out of 27 apartments are let
- Currently producing an annual income of circa £120,000p.a. with opportunity to increase to £129,000p.a. once fully let
- Highly reversionary with potential to increase income to market rent
- All flats are let individually on Assured Shorthold Tenancy Agreements (ASTs)
- On the outskirts of Burnley town centre and convenient for amenities and public transport.
- Offers invited in the region of £1,000,000.
- Freehold.
Description
Description
A converted office building that now provides 27 studio apartments. 25 are currently let and the annual income is circa £120,000p.a. with opportunity to increase to circa £129,000p.a. once fully let.
Location
Situated on the outskirts of Burnley town centre, the property is positioned within a mixed use area offering an attractive setting with a view over the River Brun directly to the rear. The area is convenient for amenities and transport with Charter Walk Shopping Centre and Burnley Central Railway station within half a mile from the property. There is also a cinema and a number of restaurants within a stones throw from the property.
Accommodation
The property is arranged over lower ground, ground, first floors, plus attic space. The flats to the lower ground floor are duplex apartments arranged over a split level.
Each studio apartment comprises an open plan kitchen/living area, shower room and bedroom.
Tenure
Freehold
Tenancies
All flats are let on individual ASTs ranging from £325-£500pcm.
The total income is £120,000p.a. with opportunity to increase to £129,000p.a. once fully let. The asset is highly reversionary with potential to increase to market rent.
EPC
Flats 1-27: C.
Brochures
Unnamed Asset- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Northwest House, 77-81 Bank Parade, Burnley, Lancashire, BB11 1EL
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Visit our security centre to find out moreDisclaimer - Property reference 324156. 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 Landwood Group, 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.
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