Property for sale
Property description & features
- LARGE UNIT WITH 2 APARTMENTS AND 1 SHOP
- SCOPE TO INCREASE TO 10% PLUS YIELD
- SUPERB LOCATION!
- TENANTED PROPERTY
- RUNNING INVESTMENT OPPORTUNITY
- THE PROPERTY IS IN GOOD CONDITION
- ALL COMPLIANCE AND SAFETY CERTIFICATES IN PLACE
- IDEAL FOR LANDLORDS
- SERIOUS BUYERS ONLY - IF INTERESTED WE WILL EXPECT YOU TO SHOW COMMITMENT
- AVAILABLE NOW
Full Description - Ainsworth Lord Estates are delighted to offer for sale this large unit situated on Bolton Road,Whitehall, Darwen.
A fantastic opportunity for those looking to invest in a commercial property! This property boasts two flats and a shop, providing a great investment opportunity for landlords. With three bedrooms and two bathrooms spread across 900 sq ft. Currently tenanted, this property is ready to start generating income from day one.
The property comprises of..
Shop -
The current tenant in the shop has been in the property since Jan 2022, the tenant undertook a 3 year lease and a fully repairing and insuring lease. The tenant currently pays £250 pcm.
Flat 1-
The tenant is currently paying £350 pcm however their is scope to increase this as the tenant is due to have a rent review.
Flat 2-
The tenant is currently paying £500 pcm and has been in the property since 2022, the tenants rent could not be reviewed until September 2024.
Therefore the premises is currently bringing in a monthly income of £1100 pcm (8.8% yield). However there is scope to increase this figure to achieve a 10% plus yield with a rent increase on only one of the flats to bring the current rent up to market value.
Call us TODAY to arrange a viewing at a time convenient for you, including evenings and weekends.
FREE - MORTGAGE ADVICE:
For Re-Mortgages, Buy-To-Let Mortgages, and other Residential Mortgages. (Even for people with a poor credit rating).
NEVER PAY FOR MORTGAGE ADVICE. THERE IS NO NEED TO.
Our Mortgage Advisors - London & Country are one of the largest mortgage brokers in the UK, and have access to more lenders than other local mortgage providers, giving you more choice and potentially saving you thousands of pounds.
PLUS...
Our clients receive a FREE INSURANCE VOUCHER to cover your survey and legal fees in the event your purchase falls through.
We are not aware of any other agent offering this extra bonus.
Contact us to arrange a call from our mortgage brokers - at a time to suit you, including evenings and weekends.
Stamp Duty: 0% up to £125,000, 2% of the amount between £125,001 & £250,000, 5% of the amount between £250,001 & £925,000, 10% of the amount between £925,001 & £1,500,000. For some purchases, an additional 3% surcharge may be payable on properties with a sale price of £40,000 and over. Please call us for any clarification on the new Stamp Duty system or to find out what this means for your purchase.
Disclaimer -
Unless stated otherwise, these details may be in a draft format subject to approval by the property's owners. Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order.
Any prospective purchaser must satisfy themselves as to the condition of any particular item and no employee of Ainsworth Lord Estates has the authority to make any guarantees in any regard. The dimensions stated have been measured electronically and as such may have a margin of error, nor should they be relied upon for the purchase or placement of furnishings, floor coverings etc. Details provided within these property particulars are subject to potential errors, but have been approved by the vendor(s) and in any event, errors and omissions are excepted.
These property details do not in any way, constitute any part of an offer or contract, nor should they be relied upon solely or as a statement of fact. In the event of any structural changes or developments to the property, any prospective purchaser should satisfy themselves that all appropriate approvals from Planning, Building Control etc, have been obtained and complied with.
Copyright Reserved. You may download, store and use the material for your own personal use and research. You may not republish, retransmit, redistribute or otherwise make the material available to any party or make the same available on any website, online service or bulletin board of your own or of any other party or make the same available in hard copy or in any other media without the agent's express prior written consent. The agent's copyright must remain on all reproductions of material taken from this website.
Property information from this agent
Places of interest
See more properties like this:
*DISCLAIMER
Property reference 33161645. 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 Ainsworth Lord Estates - Darwen.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 4, 2022
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: obtained from Ofcom on January 4, 2022
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.