Commercial Investment Bolton Road,Whitehall, Darwen, 3 bedroom, Commercial

FULL DESCRIPTION

Ainsworth Lord Estates are delighted to offer for sale this large unit situated on Bolton Road,Whitehall, Darwen.

A fantastic opportunity for those looking to invest in a commercial property! This property boasts two flats and a shop, providing a great investment opportunity for landlords. With three bedrooms and two bathrooms spread across 900 sq ft. Currently tenanted, this property is ready to start generating income from day one.

The property comprises of..

Shop -
The current tenant in the shop has been in the property since Jan 2022, the tenant undertook a 3 year lease and a fully repairing and insuring lease. The tenant currently pays £250 pcm.

Flat 1-
The tenant is currently paying £350 pcm however their is scope to increase this as the tenant is due to have a rent review.

Flat 2-
The tenant is currently paying £500 pcm and has been in the property since 2022, the tenants rent could not be reviewed until September 2024.

Therefore the premises is currently bringing in a monthly income of £1100 pcm (8.8% yield). However there is scope to increase this figure to achieve a 10% plus yield with a rent increase on only one of the flats to bring the current rent up to market value.

Call us TODAY to arrange a viewing at a time convenient for you, including evenings and weekends.

FREE - MORTGAGE ADVICE:

For Re-Mortgages, Buy-To-Let Mortgages, and other Residential Mortgages. (Even for people with a poor credit rating).

NEVER PAY FOR MORTGAGE ADVICE. THERE IS NO NEED TO.
Our Mortgage Advisors - London & Country are one of the largest mortgage brokers in the UK, and have access to more lenders than other local mortgage providers, giving you more choice and potentially saving you thousands of pounds.
PLUS...
Our clients receive a FREE INSURANCE VOUCHER to cover your survey and legal fees in the event your purchase falls through.
We are not aware of any other agent offering this extra bonus.

Contact us to arrange a call from our mortgage brokers - at a time to suit you, including evenings and weekends.

Stamp Duty: 0% up to £125,000, 2% of the amount between £125,001 & £250,000, 5% of the amount between £250,001 & £925,000, 10% of the amount between £925,001 & £1,500,000. For some purchases, an additional 3% surcharge may be payable on properties with a sale price of £40,000 and over. Please call us for any clarification on the new Stamp Duty system or to find out what this means for your purchase.

Disclaimer -
Unless stated otherwise, these details may be in a draft format subject to approval by the property's owners. Your attention is drawn to the fact that we have been unable to confirm whether certain items included with this property are in full working order.

Any prospective purchaser must satisfy themselves as to the condition of any particular item and no employee of Ainsworth Lord Estates has the authority to make any guarantees in any regard. The dimensions stated have been measured electronically and as such may have a margin of error, nor should they be relied upon for the purchase or placement of furnishings, floor coverings etc. Details provided within these property particulars are subject to potential errors, but have been approved by the vendor(s) and in any event, errors and omissions are excepted.

These property details do not in any way, constitute any part of an offer or contract, nor should they be relied upon solely or as a statement of fact. In the event of any structural changes or developments to the property, any prospective purchaser should satisfy themselves that all appropriate approvals from Planning, Building Control etc, have been obtained and complied with.

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