Flat
·
for sale
£ 145,000
Flat
Gloucester Avenue BB5 Accrington
· Flat
Gloucester Avenue BB5 Accrington · Flat
WHY THIS INVESTMENT? This is a rare opportunity to acquire two income-producing flats under one roof and one title, simplifying management and ownership. With an exceptionally long lease term remaining, a nominal ground rent, and no annual service charges, this is a low-overhead investment with strong net returns for the right buyer. The upstairs flat has been tenanted since January 2018, demonstrating long-term tenant stability, while the downstairs flat has recently become vacant presenting an ideal opportunity for an investor to re-let at current market rent, refurbish to add value, or occupy as part of an owner-investor strategy. THE INVESTMENT Asking Price: 145,000 Current Rental Income: 1,080 per month (585 + 495) Potential Annual Rental Income: 12,960 per annum Potential Gross Yield: 8.94% Number of Units: 2 self-contained flats Tenure: Leasehold 881 years remaining Ground Rent: 1.12 per annum Annual Service Charges: None Arrears: None EPC Rating: C (both flats) Title: Single ti
WHY THIS INVESTMENT? This is a rare opportunity to acquire two income-producing flats under one roof and one title, simplifying management and ownership. With an exceptionally long lease term remaining, a nominal ground rent, and no annual service charges, this is a low-overhead investment with strong net returns for the right buyer. The upstairs flat has been tenanted since January 2018, demonstrating long-term tenant stability, while the downstairs flat has recently become vacant presenting an ideal opportunity for an investor to re-let at current market rent, refurbish to add value, or occupy as part of an owner-investor strategy. THE INVESTMENT Asking Price: 145,000 Current Rental Income: 1,080 per month (585 + 495) Potential Annual Rental Income: 12,960 per annum Potential Gross Yield: 8.94% Number of Units: 2 self-contained flats Tenure: Leasehold 881 years remaining Ground Rent: 1.12 per annum Annual Service Charges: None Arrears: None EPC Rating: C (both flats) Title: Single ti
£ 145,000