FOR SALE – Offered on behalf of the liquidators
A converted office building that now provides 27 studio apartments. 25 are currently let and the annual income is circa £120,000p.a. with opportunity to increase to circa £129,000p.a. once fully let.
LOCATION
Situated on the outskirts of Burnley town centre, the property is positioned within a mixed use area offering an attractive setting with a view over the River Brun directly to the rear. The area is convenient for amenities and transport with Charter Walk Shopping Centre and Burnley Central Railway station within half a mile from the property. There is also a cinema and a number of restaurants within a stones throw from the property.
TENURE
Freehold
TENANCIES
All flats are let on individual ASTs ranging from £325-£500pcm.
The total income is £120,000p.a. with opportunity to increase to £129,000p.a. once fully let. The asset is highly reversionary with potential to increase to market rent.
