BUSINESS DESCRIPTION
This is an exciting opportunity to acquire a property portfolio returning an impressive yield all located Clitheroe, Lancashire.
This property portfolio has been owned as a unit for over 10 years and over that time has produced an impressive yield for its owner. It is only now being offered for sale due to its current owners other business interests abroad and therefore this presents an impressive opportunity for a new owner to enjoy the income that is generated from this investment.
The portfolio comprises of 5 individual properties all located around the Clitheroe area:
Property 1 44 Chatburn Road Clitheroe Income 440 per month
This building is a well presented first floor flat with two bedrooms, lounge, fitted kitchen and ample storage throughout. It comes complete with a 4 piece bathroom suite and gas central heating.
Property 2 1a Lime Street Clitheroe - Income £440 per month
This two bedroomed ground floor apartment is well presented throughout and has a three piece bathroom suite. Located conveniently at the edge of town this well presented village has a fully fitted kitchen and large lounge.Property 3 - 1b Lime Street Clitheroe - Income £395 per monthAn impressive ground floor apartment with an attracted kitchen which is open to the lounge. A three piece bathroom with one double bedroom. The property is tastefully decorated and has gas central heating.Property 4 - 2a Moor Lane Clitheroe - Income £430 per monthhis unusual split level double bedroom apartment comes with gas central heating and an attractive fitted kitchen opening onto to an impressive lounge area. Located on Moor Lane it is conveniently positioned for the Town CentreProperty 5 - 2b Moor Lane Clitheroe - Income £400 per monthThis cosy first floor apartment has a mezzanine double bedroom and a three piece bathroom. The property comes complete with a fitted kitchen and has gas central heating. It is located in the centre of Clitheroe, offering excellent convenience for the local amenities, this unusual first floor apartment us tucked away from teh main streetAll the properties are well maintained and received upgrading and refurbishment in 2000 when the buildings were first acquired by the current owner. They are well presented and three of the properties are available with long term tenants in placeTotal income available is £2105 per month creating a return on investment of around 8%. This return represents a sound financial investment and early viewings are advised as an an early completion on this rare opportunity is anticipated.
Fixtures & Fittings:
Trading Hours: Business Value:
Property Value: £325,000 SAV
Business & Property Value: Turnover: 25260
Rent:
Tenure: Freehold