EXCITING INVESTMENT OPPORTUNITY/FIRST & SECOND FLOORS CONSISTING OF TWELVE APARTMENTS (EIGHT, TWO BEDS/TWO, ONE BEDS & TWO STUDIO APARTMENTS)/ALL APARTMENTS ARE CURRENTLY LET & HAVE A RENTAL INCOME OF £81,120 PA/CAR PARK/PRIVATE INTERCOM ACCESS
Fantastic opportunity to purchase the First & Second floors consisting of twelve apartments (Eight, two bedrooms/Two, One Beds & Two Studio Apartments). The block is situated in a popular location offering access to other local amenities including shops, schools and public transport links. The property is accessed via private intercom into a communal entrance with stairs leading to the first & second-floors, form the stairwell the landing on each floor gives access to six apartments.
Each apartment is finished to an very high standard indeed with quality fixtures and fittings, electric heating, double glazed windows and CCTV to the communal areas and external of the building. Externally the block has a large car par with parking for over 20 cars. (Partially owned, partially leased from Rochdale council for 999yrs) it has shared usage with the ground-floor commercial space. We suggest early viewings to avoid disappointment and to fully appreciate the size, finish and position of the property on offer.
8 x Two Bed apartments £55,920pa (£575.00 to £595.00pcm/£582.50 Average Rent) 2
x one bedroom apartments £13,200pa (£550.00pcm)
2 x Studio apartments £12,000pa (£500.00pcm)
They are all currently let with a yearly rental income of £81,120 and a rental yield of 7.0%. FIRST FLOOR Consisting of Six purpose built apartments (4 x Two bedroom apartments, 1 x one bedroom apartment & 1 x Studio Apartment). SECOND FLOOR Consisting of Six purpose built apartments (4 x Two bedroom apartments, 1 x one bedroom apartment & 1 x Studio Apartment).
Externally the block has a large car par with parking for over 20 cars. (Partially owned, partially leased from Rochdale council for 999yrs) it has shared usage with the ground-floor commercial space.
* Exciting Investment Opportunity * First & Second floors * Twelve apartments Available * 8 x Two Beds * 2 x One Beds * 2 x Studio Apartments * All apartments Currently Let * Rental Income of £81,120 PA * 7.0% Rental Yield * Available Now