Hartington Road, Heaton
- SIZE
Ask agent
- SECTOR
Residential development for sale
Key features
- Fully let, five flats in 1 building
- Circa £33,600 gross annual income
- Approx 11.39% gross yield at £295,000
- Large building over four levels
- EPCs, electric certs & leases in place
- Ready to earn investment opportunity
- Superb location close to amenities
- Sold with no upward chain delay
Description
A superb investment opportunity for an existing landlord or buy to let investor to purchase this building which is divided into five self-contained flats with a gross annual income of around £33,600 per annum. At the time of writing, we are advised that each flat is rented at £560 per calendar month, though we are awaiting confirmation with copies of the existing leases.
At a purchase price of £295,000 and monthly gross rental income of £2,800, and an annual gross income of £33,600, the gross rental yield is around 11.39%.
The property is Freehold (Title number LA348906) in a plot of around 0.04 of an acre. This is a superb opportunity to purchase a fully tenanted property (at the time of writing) so that you can enjoy immediate rental income and avoid empty/void period. Each of the five flats has its own council tax rating, Energy Performance Certificates and individual pre payment electric meters. All apartments are warmed via electric heating, there is no gas in the building. There is CCTV cameras which cover the communal front and back entrances to the building.
The accommodation is over four levels (including cellar) with five flats across three levels, and there is a fire alarm system in place.
The location is superb as local parks, shops, restaurants and the town centre of Bolton are all within walking distance, and there is easy access to the transport network.
Arranging accompanied viewings may be trying as there are five different tenants and notices to give, so a walk through viewing video is provided in the first instance.
For enquiries, please call Cardwells Estate Agents Bolton on , email: or visit
Due to the nature of the building having five separate dwellings it is virtually impossible to arrange one time where all flats can be seen. For that reason we have provided a walkthrough viewing to watch and photos
Brochures
Hartington Road, Heaton
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bolton Station1.3 miles
- Lostock Station1.8 miles
- Hall i' th' Wood Station1.9 miles
Notes
Disclaimer - Property reference 92228. 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 Cardwells Commercial & Residential Sales, Lettings and Management, 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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