An amazing investment opportunity providing guaranteed income of £36,000 p.a. (8% yield).
6 6 12
Looking to invest in property in the north but are worried you don't have time to find tenants or look after the property? Want a guaranteed return of at least 8%?... then The Grove may be just what you are looking for. We are delighted to offer for sale an incredibly rare opportunity for an investor to purchase this newly renovated development block (including the FREEHOLD) of 6 x 2 bedroom apartments located close to Wigan town centre and next to a train station with direct links into Manchester & Bolton. Each apartment is larger than your typical two bed apartment and includes two double bedrooms and a high specification finish with good quality fixtures and fitting. They are nearing completion and meet all new electrical and fire regulations and each will feature brand new fitted kitchens with built in cooker, hob & extractor over and tiled full sized bathrooms with showers over in each apartment. Warmed by electric heaters they also have their own hot water tanks & security intercoms. Outside there is enclosed private car park to rear providing ample parking for residents and guests together with bin and bike store. The development backs onto & overlooks fosters park & playing fields to rear with pleasant views over Christ Church and only 2 minutes walk from the train platform. At £75,000 per apartment this development has been priced realistically to sell but what is going to really appeal to investors is that the current developer has already secured a deal with an housing association to let each apartment for at least £500 PCM over a minimum period of 3 years generating a potential annual income of £36,000 providing a yield of at least 8% and with the apartments being so big their is even potential for an uplift on this.
Asking Price £475,000
|Council||Band A||Band B||Band C||Band D||Band E||Band F||Band G||Band H|
|South Ribble Borough Council||£1,014.34||£1,183.41||£1,352.47||£1,521.52||£1,859.63||£2,197.76||£2,535.86||£3,043.04||Website|
|Chorley Borough Council||£1,003.58||£1,170.85||£1,338.11||£1,505.37||£1,839.89||£2,174.43||£2,508.95||£3,010.74||Website|
All council Tax Bandings are indicatory. Please check the precise banding for a property of interest.
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Regan & Hallworth estate agents have been selling and letting properties in Wigan, Ormskirk, Standish, Leyland, Chorley, Parbold & all the villages in-between for over twenty years. If you are considering selling or letting your property and are looking for an estate agent with a proven track record, book a free market appraisal of your property today. We have no set up fees and no lengthy tie-ins. Our professional photography, glossy sales brochures and detailed floor plans are all included with no additional costs
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