Bury, BL8 4AA | Investment Property for Sale | VES-BL8-001

Opportunity to purchase a 4-unit block in Bury generating £37,260 rent pa & gross yield of 6.9%

£540,000

4-unit Block

VES-BL8-001

INITIAL INVESTMENT

£157,500

Based on

deposit: £135,000

stamp duty: £17,000

mortgage fees: £1,500

conveyancing fees: £4,000

GROSS RENT

£37,260

GROSS YIELD

6.9%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

4

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

1,062

PRICE SQ FT

£508

Block information

  • This block has been converted into 4 apartments in 2018
  • Each apartment comes with:
    • 2 double bedrooms each
    • 1 ensuite bathroom and 1 family bathroom
    • Fitted kitchen with appliances
    • Lounge
    • Fitted blinds
    • Gas heating, which can be controlled via an app
  • The properties are fully alarmed and there is a video entrance system
  • Private parking at the rear
  • All boilers are still under warranty and are serviced annually
  • EPC ratings: C
  • Council tax bands: B

Rental information

The properties are fully let achieving:

  • Monthly rental income: £3,105
  • Annual rental income: £37,260

Available upon request

  • Portfolio breakdown
  • Full floorplan
  • EPCs for all units

Location information

  • The properties are located in Tottington, Bury
  • All local amenities are just a short walk away
  • Bury town centre is 2.5 miles from the property

Note

Please note that Vesta has not visited this property and that the vendor has provided all material.

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Bury, Greater Manchester

Bury is a market town on the River Irwell in Greater Manchester. It lies around 5 miles east of Bolton, 6 miles south-west of Rochdale and 8 miles north-west of Manchester.

The A56 and A58 both run through Bury via a ring road providing a connection between Chester and Broughton as well as Prescot to Wetherby respectively. The M66 motorway passes the town to the east and can be accessed via junctions 2 and 3, providing part of the route between the M62 and M60 motorways.

Bury Bolton Street railway station is a heritage railway station located on the East Lancashire Railway. Services run between Heywood and Rawtenstall. The Manchester Metrolink has several stops in Bury and operates services to Manchester, Altrincham, Eccles, Rochdale Town Centre, Ashton-under-Lyne, East Didsbury, MediaCityUK in Salford and Manchester Airport.

Some of the local landmarks and attractions include Bury Art Museum, Bury Castle, Castlesteads, Peel Tower, Bury Transport Museum and the Fusilier Museum.

From high street brands to independent boutiques and bustling markets there are plenty of places to shop in Bury. The Rock and The Mill Gate shopping centres offer a huge variety of shops, whilst Bury’s Famous Market with over 370 stalls offers fresh produce alongside fashion, household goods, toys, electrical goods, books, gifts and more. One can also find the local delicacy Bury Black Pudding here.

Education is provided by several primary and secondary schools, as well as nine high schools, two grammar schools, Holy Cross College and Bury College.

The largest employer in town is Bury Council, which as a metropolitan council is a single-tier organisation responsible for all of its local authority services. There are many smaller businesses providing work for locals, but Bury’s close proximity to Manchester make it also a perfect commuter town.

Market Street,

Tottington,

Bury,

Greater Manchester,

England,

BL8 4AA

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All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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