2 Bed Apartment For Sale

Investment Consideration:

Gross Initial Yield: 7.00%

Rental Income: £15,000 p.a.

VAT is NOT applicable to this property

Comprises mid-terraced property arranged as 2 newly refurbished self-contained flats

The property is within walking distance (1 mile) of Royal Blackburn Teaching Hospital and current and previous tenants are Doctors or Nurses employed at the hospital

Situated close to the junction between Accrington Road and Whitebirk Road with local retailers nearby including convenience store, barbers, pub, restaurant/takeaways and more.



Property Description:

The property comprises two-self contained flats with communal garden and separate entrances at the front and rear, providing the following accommodation and dimensions:

Ground Floor: Flat 290 36 sq m (390 sq ft)

Kitchen/Living Room, Bedroom, Bathroom

First Floor: Flat 290A 33 sq m (361 sq ft)

Kitchen/Living Room, Bedroom, Bathroom



Tenancy:

Flat 290 is at present let on AST to an Individual for a term of 12 Months from 28th September 2024 at a current rent of £7,800 p.a. Deposit held of £750.

Flat 290A is at present let on AST to an Individual for a term of 12 Months from 13th November 2024 at a current rent of £7,200 p.a. Deposit held of £692.30.



Location:

Blackburn is an major industrial town in Lancashire, England. The property benefits from excellent transport connections, with several bus stops located within a short walking distance providing direct services to the town centre. Situated close to the junction between Accrington Road and Whitebirk Road with local retailers nearby including convenience store, barbers, pub, restaurant/takeaways and more.