Block of flats for sale in Railway Road, Leigh WN7

Location

The subject property sits by the side of Railway Road in an area of predominately residential properties. It is within easy walking distance of the town centre, which is home to a variety of retail and other commercial properties.

Leigh is a former industrial town, which has a population of over 41,000. It lies close to the M6 and M62 motorways and is approximately 14 miles West of the City of Manchester and 8 miles South-East of Wigan.

Description

A brick built end of terrace three storey property under pitched roofs with a small single storey extension to the rear.

Externally, there is a yard area and space for a bin store. Parking is on street and in the nearby car park.

Internally, the property contains 15 one bedroom en suite apartments, refurbished to a good standard. These are spread across all three floors two of which, located on the ground floor are fully wheelchair accessible.

Ancillary accommodation includes office space, storage and boiler rooms.

Lease agreement

The property has been pre let on a local council backed lease to a housing charity called The Brick. The agreement is for 6 years at an initial rent of £108,000 with annual rental increases index linked to the consumer price index (cpi). Terms are fully repairing and insuring and rent is net of utilities, which are the responsibility of the tenant. There also an option to renew at the completion of the 6 year term.