Sold STC
£3,000,000
BRH are delighted to offer this superb investment opportunity – a block of 37 luxurious apartments, ideally situated in Blackburn, just a stone's throw from the bustling town centre.
This stunning residential block offers a total of 37 self-contained apartments, including 3 spacious two-bedroom apartments, with the remainder made up of generously sized one-bedroom units. Each apartment is designed to the highest standard, offering modern, stylish living with high-quality fixtures and fittings throughout. Tenants are responsible for their own utility costs, ensuring minimal overheads for the landlord.
Current rental income stands at £22,156 per calendar month across the entire block, with significant scope to increase rental yields through strategic management and potential rent reviews. This property is already a lucrative investment, but there is ample opportunity to further maximise its return.
The property is accompanied by a large car park with over 40 spaces, adding significant value to the building and offering tenants secure, convenient parking – a rare and highly sought-after feature in this location.
Key Features:
37 luxurious apartments, including 3 two-bedroom units
Modern, high-specification interiors
Current rental income: £22,156 pcm, with potential for further increases
Large car park with over 40 spaces
Close proximity to Blackburn town centre and local amenities
Each tenant responsible for their own utilities
Excellent transport links and access to shops, schools, and recreational areas
This is an ideal investment opportunity for those looking to acquire a high-performing asset with considerable future potential.
Contact BRH Estate Agents today to arrange a viewing or for more details on this exceptional investment property.
*A buyer's premium of 1% + VAT, (subject to a minimum of £2995+ VAT) of the agreed sale fee applies to this property, £995 + VAT of which must be paid to secure the property and the remainder is payable upon exchange of contracts. Terms and conditions apply, please see 'Buyer's Premium' page on our website for more information.
