The Bank, Deansgate, Bolton, BL1
- PROPERTY TYPE
Studio
- BATHROOMS
1
- SIZE
163 sq ft
15 sq m
Key features
- Spacious Self-Contained Studio Apartment
- 1st Floor
- Bolton Town Centre Location
- Generating Immediate Income
- Fitted Kitchen, Ensuite & Fully Furnished
- Fantastic Transport Links
- Convenient For Shops, Bars & Restaurants
- Low Entry Price Property Investment
- Over 8% NET Yield
- Tenanted Until July 2024
Description
TENANTED UNTIL JULY 2024!
ATTRACTIVE CASH INVESTMENT OPPORTUNITY!
Tenanted Until 19th July 2024
Financial Performance:
Rental Income: £115pw / £5,865 per annum on a 51-week contract.
Service Charge: £1,729.16 per annum
Ground Rent: £350 per annum
Lettings Fee 10% + VAT: £774.18 per annum
NET INCOME: £3,011.66 per annum
NET YIELD: 8.03%
Mr Investa are pleased to present to the market this spacious studio apartment located on the 1st floor of this attractive and popular building in the centre of Bolton Town Centre. Offering immediate income, this would be perfect for first time investors or a great addition to an existing portfolio.
The Bank is a popular choice for student tenants looking for convenient and affordable living in Bolton Town Centre, just half a mile from the University of Bolton and Bolton College.
This prestigious building was the former Lloyds Bank and has been tastefully modernised to a high standard to create 28 fully furnished luxury boutique studios, complete with en-suite facilities and fully fitted kitchenettes - perfect for independent living.
The studios are arranged over 3 floors and to encourage the development of friendships and a sense of community, each floor has its own luxury fitted communal kitchen in addition to the kitchenettes in each flat.
Superb location just a short stroll from the University of Bolton (less than 10 minutes) and the local train station. The Bank is located in the quieter area of the town centre, accessibility of retail, leisure and cultural activities couldn't be better. The Octagon Theatre (where you can enjoy nationally acclaimed productions) is less than a 5-minute walk away.
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£350 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£1729.16
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
Ask agent
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: A
The Bank, Deansgate, Bolton, BL1
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Bolton Station0.5 miles
- Hall i' th' Wood Station1.4 miles
- Moses Gate Station2.0 miles
About the agent
Mr Investa Ltd, Salford
Mr Investa, Blue Tower, MediaCityUK, M50 2ST
We offer a unique and bespoke service for Landlord to Landlord Sales.
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Visit our security centre to find out moreDisclaimer - Property reference MSN-32285130. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mr Investa Ltd, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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