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5 bed property
Company St - Let On 25 Year Hands Off Lease, Blackburn, BB1
£312,000
Company St - Let On 25 Year Hands Off Lease, Blackburn, BB1
£312,000
Our Summary
- The OPA are delighted to present this hands-off investment opportunity, offering an impressive net rental income of £31,200 per annum (£2,600 per month) and an impressive 10% net rental yield
- TENURE & INVESTMENT OPPORTUNITY
- Cash buyers preferred
- Cash purchasers preferred
Description
This is a hands-off investment opportunity in Blackburn, offering a net rental income of £31,200 per annum and a 10% net rental yield. The property is fully tenanted under a 25-year lease to a reputable housing company, providing a guaranteed income with no void periods, general maintenance, council tax, or bills. The property is a newly renovated, two-story end-terraced property with five en-suite bedrooms, an open-plan kitchen/diner, and fully furnished throughout. The location is convenient, with easy access to amenities, shops, and transport links. The property is virtual freehold, with a 25-year lease in place, and the tenant is responsible for most internal repairs and maintenance. This is an ideal investment opportunity for those seeking a hassle-free, passive income stream.