Guide price
£270,000
Hotel for salePreston New Road, Blackburn. Lancs BB2
About this property
Auction sale
Potential yield at least 12%
Five newly furbished apartments
Cash buyers only
Three two bedroom apartments
Two one bedroom apartments
Fully electric
Description
Mayets are delighted to bring to market this exceptional freehold block of five modern apartments, ideally positioned on the ever-popular Preston New Road, close to Blackburn town centre and excellent transport links. ******For sale by modern method of auction*******
With high rental demand, strong occupancy levels, and a superb yield of over 12% fully occupied, this turnkey investment offers an outstanding opportunity for both new and experienced landlords.
Beautifully renovated just over a year ago, the property has been finished to a contemporary standard throughout and is attractively located on a busy main road, making it especially desirable for professional tenants.
The development comprises:
- A well-presentedtwo bedroom basement apartment currently achieving £650 pcm.
- Two modern one-bedroom ground floor apartments, one is occupied paying £650pcm
- Two spacious two-bedroom duplex apartments, each featuring a master bedroom to the attic and separate kitchen and living areas. Both occupied paying £750pcm and £650pcm
Being freehold with no communal areas and minimal ongoing maintenance, this property presents a rare low-maintenance investment with consistent rental returns and excellent long-term potential.
A fantastic opportunity to acquire a fully renovated, high-yielding, and easily managed property in a prime location close to Blackburn town centre and major transport routes. Early viewing highly recommended.
Mayets are delighted to bring to market this exceptional freehold block of five modern apartments, ideally positioned on the ever-popular Preston New Road, close to Blackburn town centre and excellent transport links. ******For sale by modern method of auction*******
With high rental demand, strong occupancy levels, and a superb yield of over 12% fully occupied, this turnkey investment offers an outstanding opportunity for both new and experienced landlords.
Beautifully renovated just over a year ago, the property has been finished to a contemporary standard throughout and is attractively located on a busy main road, making it especially desirable for professional tenants.
The development comprises:
- A well-presentedtwo bedroom basement apartment currently achieving £650 pcm.
- Two modern one-bedroom ground floor apartments, one is occupied paying £650pcm
- Two spacious two-bedroom duplex apartments, each featuring a master bedroom to the attic and separate kitchen and living areas. Both occupied paying £750pcm and £650pcm
Being freehold with no communal areas and minimal ongoing maintenance, this property presents a rare low-maintenance investment with consistent rental returns and excellent long-term potential.
A fantastic opportunity to acquire a fully renovated, high-yielding, and easily managed property in a prime location close to Blackburn town centre and major transport routes. Early viewing highly recommended.
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Monthly repayment
£1,350 per month
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