No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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This property is no longer on the market

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21 bedroom apartment

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Apartment
21 bed
9 bath

Key information

Tenure: Leasehold
Council tax: Band F
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Discover more information

Property description & features

  • Tenure: Leasehold
  • CONVERTED COMMERCIAL PROPERTY
  • GROSS YIELD 16.8% WITH 14.3% NET YIELD
  • IMPRESSIVE INVESTMENT WITH LONG TERM CAPITAL APPRECIATION
  • COMMUNAL KITCHENS, SHOWER ROOMS & UTILITY ROOM
  • X18 BED SITS WITH X3 SELF CONTAINED APARTMENTS
  • WALKING DISTANCE IN ACCRINGTON TOWN CENTRE
  • COUNCIL TAX BAND F
  • EPC RATING C
  • LEASEHOLD
An attractive opportunity to acquire this 21 bedroom HMO in the centre of Accrington. Currently offering an impressive gross yield of 16.8% with a net yield of 14.3% the property is suited for investors looking for a long term investment with a significant return. (EPC-C)

Previously used as a commercial shoe shop and converted into a 21 bed HMO, the property offers potential buyers an impressive 14.3% Net yield.

Situated a short walk from Accrington town centre the property has easy access to local amenities, extensive network links and Accrington train station.

All interested parties should contact Mortimers Estate Agents in Accrington.

All mains services are available.
Property has x2 central heating systems.

Rooms

Ground Floor

Room 1
18.49sqm

Room 2
19.24sqm

Room 3
11.55sqm

Room 4
13.10sqm

Room 5
11.05sqm

Room 6
14.97sqm

Room 7
19.69sqm

Room 8
18.56sqm

Communal Kitchen

Wc

Cooomunal Utility Room

Communal Shower Room

Communal Shower Room

First Floor

Room 1
16.29sqm

Room 2
12.57sqm

Room 3 with En-suite
17.45sqm

Room 4 with En-suite & Kitchenette
26.26sqm

Room 5
25.23sqm

Room 6
11.36sqm

Room 7
12.28sqm

Room 8
10.52sqm

Room 9
12.62sqm

Room 10 with En-suite & Kitchenette
18.20sqm

Communal Kitchen

Communal Kitchen

Wc

Shower Room

Second Floor

Room 11 En-Suite & Kitchenette
55.55sqm

Room 12
20.07sqm

Room 13 with En-Suite
25.00sqm

Places of interest

    Mortimers have been selling property successfully for over eighty years and are recognised as one of the most highly respected estate agencies in the East Lancashire area. With our network of five offices we have an enviable market share and are proud to offer everything from modest first time buyer homes, to the most prestigious residencies in the area. We take the very best qualities from our traditional estate agency background and exceptional service values and combine them with a modern approach, making us an agent of the highest standing with an impressive register of active buyers and tenants. Our valuable and extensive local knowledge enables us to specialise in all kinds of property matters. We particularly recognise the value of professional qualifications in an industry where these are not compulsory. At Mortimers we focus on delivering a professional, personalised service to achieve the best possible outcome for our customers. We are expert property specialists with in-depth local knowledge and a proven track record of success in even the most challenging markets. Our approach is enthusiastic, proactive and realistic. We are justifiably proud of our entire Mortimers’ team who, individually and collectively, promote and passionately preserve our highly respected brand.

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    *DISCLAIMER

    Property reference RAW240083. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Mortimers - Accrington.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.