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1 bed flat
High Street, Blackburn BB1
£160,000
High Street, Blackburn BB1
£160,000
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 cash-only investment opportunity to purchase a block of 37 apartments in Blackburn, a mining town, currently generating a 10% yield. The apartments are leased by a non-profit housing company under a fully internally repairing insurance lease, which includes annual Consumer Price Index increases, maximizing the potential for growth in rental income. With prices starting at £144,440, this investment is expected to attract both UK and international buyers.