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43 bedroom block of apartments for sale
Block of 43 Apts, The Art School, Union Street, Darwen, BB3
£3,500,000
Block of 43 Apts, The Art School, Union Street, Darwen, BB3
£3,500,000
Our Summary
- The Art School, a prestigious investment opportunity in the heart of Darwen, boasting a remarkable block of apartments that have been finished to the highest of standards
- Investment or re-development opportunity
Description
This stunning Victorian conversion, known as The Art School, is a lucrative income-producing asset located in the heart of Darwen. The development consists of 43 self-contained apartments, ranging from 1 to 3 bedrooms, which have been finished to the highest standards. The apartments offer modern living spaces, and the development benefits from a secure access system, personnel lift, fire alarms, and automatic smoke vents. The property is fully occupied, with a current passing rent of £316,678.08 per annum. The development also features 35 parking spaces, adding to its convenience. The location is ideal, with easy access to Darwen train station, market square, and high street, as well as local bus stops. The town of Darwen is experiencing significant economic growth, driven by investments in manufacturing and technology sectors, making it an attractive investment opportunity.