The Bank, Deansgate, Bolton, BL1

Details

9% NET YIELD!! NEW TENANCY UNTIL JULY 2024!! HIGHLY ATTRACTIVE CASH INVESTMENT PROPERTY

Mr Investa are pleased to present to the market this spacious studio apartment located on the 2nd floor of this attractive building in the centre of Bolton Town Centre. Offering immediate income, this would be perfect for first time investors or a great addition to an existing portfolio.

The Bank is a popular choice for both students and professionals looking for convenient and affordable living in Bolton Town Centre.

This prestigious building was the former Lloyds Bank and has been tastefully modernised to a high standard to create 28 luxury boutique studios, complete with en-suite facilities and fully fitted kitchenettes - perfect for independent living.

The studios are arranged over 3 floors and to encourage the development of friendships and a sense of community, each floor has its own luxury fitted communal kitchen.

Tenanted Until 7th July 2024

Financial Performance: Rental Income: £115pw / £5,865 per annum on a 51-week contract. Service Charge: £1,650.65 per annum Ground Rent: £350 per annum Lettings Fee 10% + VAT: £703.80 per annum

NET INCOME: £3,160.55 per annum NET YIELD: 9%

With a superb location, just a short stroll from the University of Bolton (less than 10 minutes) and the local train station. The Bank is located in the quieter area of the town centre, accessibility of retail, leisure and cultural activities couldn't be better. The Octagon Theatre (where you can enjoy nationally acclaimed productions) is less than a 5-minute walk away.

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.