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1 bed flat
High Street, Blackburn BB1
£144,440
High Street, Blackburn BB1
£144,440
Our Summary
- Currently generating an impressive 10% yield, this apartment block is currently being leased by a non-profit housing company under a fully internally repairing insurance (firi) lease that also includes annual Consumer Price Index (cpi) increases, maximising the scope for growth in rental income every year
Description
Chaucers Walk is a lucrative investment opportunity in Blackburn, a mining town, offering 37 apartments that generate a 10% yield. Currently leased to a non-profit housing company under a fully repairing insurance lease with annual Consumer Price Index increases, this property has significant potential for rental income growth. With prices starting at £144,440, this cash-only investment is expected to attract both UK and international buyers, providing a stable and profitable investment opportunity.