Land for sale in Willow Street, Bury BL9

£289,457
Land for sale
Interested in this property? Call +44 161 937 5978 * or Request Details

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Property features

  • Three Refurbish Flats All Tenanted
  • Rental Income Of £18,000 Per Annum
  • All Professional Tenants
  • 6% Yield - Good Tenants on Contract
  • Buy To Let Opportunity
  • **Recently Fully Refurbished**
  • Owner Spent £60,000 on Refurb (2019)
  • Electric Heating - No Gas
  • Free Parking
  • Close To Bury Town Centre
  • Metrolink in Walking Distance
  • EPC - C

Property description

Blacks Brokers are pleased to bring to the market this freehold investment property located in Bury, Greater Manchester.


Introduction


144 Willow Street is three investment flats recently fully refurbished in a residential area of Bury close to the Town Centre. The property is currently occupied with three residential tenancy agreements in place generating a combined monthly income of £18,000 per annum (6% Yield Return) making this a strong return on investment.


Location


The property is located in this residential area just one mile from Bury’s metro link station that goes directly into Manchester and less that half a mile to the M66 motorway network making this an ideal location for commuters ensuring that demand is high for this type of rental accommodation.


Reason for sale


This opportunity has become available due to our clients retirement plans and therefore this is an exciting opportunity for a new owner.


Lease


The building is freehold and therefore no leases are applicable on the property.


Building layout and design


The property is 100% residential and is divided into three investment flats, one on the top floor and two on ground floor level. The top floor flat has three bedrooms, one double with two single, kitchen and lounge, bathroom. The first ground floor flat has one double bedroom, kitchen / lounge, and bathroom, and the second ground floor flat has lounge, kitchen, double bedroom, and bathroom


Financial


The flats generate a combined rental income of £1500 per month, £18,000 per annum generating a strong 6% yield return on investment. The flats are tenanted and this type of property is always in demand on the rental market due to its convenient location to the motorway networks and rail links. Summary
This is a large property that is located in a popular residential area of Bury. The building offers three lucrative income streams and therefore we expect interest to be high. Early viewings are advised. Business & Property: £289,457.

Please quote ref: 7262

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For more information about this property, please contact
Blacks Business Brokers, BL9 on +44 161 937 5978 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blacks Business Brokers, and do not constitute property particulars. Please contact Blacks Business Brokers for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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