9 Apartments in adjoining properties with a Potential Income in Excess of £30,000pa when Fully Let

9 Apartments in adjoining properties with a Potential Income in Excess of £30,000pa when Fully Let. Located in a quiet cul de sac close to Corporation Park, local schools, shops and amenities with transport links into Blackburn Town Centre. These former houses have been converted into 9 apartments, of which 7 are currently Let. Each property is let under an individual AST with a current income of £27,443.88pa/£2,286.99pcm (when previously fully let the property achieved in excess of £33,000)There is a mix of bedsits, one and two bedrooms apartments. The properties have undergone various recent refurbishments and upgrading including roof and chimney repairs. Repainted front elevation to No 89. Half the front elevation to No 3. Full, mainly quality FENSA certified Double Glazing throughout, excluding basement flat. Four apartments have been fully renovated in the past 18 months. Full Electric heating and Fires to 7 of the 9 apartments. Both properties meet the current Fire Regulations with Smoke, Fire Alarms, Fire Extinguishers and signage installed. Also Emergency lighting and communal areas on timer lighting. This is a great opportunity for someone to continue developing the properties whilst benefiting the extremely good, high yield income.

Tenure

See legal pack

Whilst not inspected by Auction House Manchester, we believe the property comprises:

3 Alexandra Mews

Communal Entrance Flat 1 – Currently Let at £320 pcm – Comprises Lounge/Bedroom, Kitchen, Bathroom Flat 2 – Currently Let at £346.66 pcm – Comprises Lounge/Bedroom, Kitchenette, Bathroom Flat 3 – Currently Let at £340 pcm – Comprises Lounge/Bedroom, Kitchen/Diner, Bathroom Flat 4 – Currently Let at £272 pcm – Comprises Lounge/Kitchen, Bedroom, Bathroom and storage area

89 Alexandra Road

Communal Entrance. Flat 1 – Currently Let at £420pcm. Comprises Large lounge and dining. Bedrooms 1 and 2. Bathroom, Kitchen. Rear courtyard with gated side access. Radiator GCH and HW. Flat 2 – Vacant - previously Let at £395pcm. Comprises Lounge/ bedroom with mezzanine. Kitchen/diner. Bathroom. Flat 2a – Vacant – previously Let at £280pcm. Comprises Lounge/Bedroom, Kitchen, Bathroom. Flat 3 – Currently Let at £368.33pcm. We have not been provided with the AST – Comprises Lounge, Bedroom, kitchen, bathroom, Store or small bedroom 2. Radiator GCH and HW. Flat 5 – Currently holding over at £220pcm (basement), although the original AST was for £368.33pcm – Comprises Lounge/kitchenette, bathroom, inner lobby, bedroom. Front and rear access.

Viewing

There is no access for internal inspection and the tenants must not be disturbed

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Blackburn and Darwen Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.6% inc VAT, subject to a minimum of £900 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.