Tenanted with immediate income Trinity Church presents a unique investment opportunity in a Grade II listed building, the perfect addition to any property portfolio.
Located within minutes’ walk from Bolton train station Trinity Church is ideally located in the city centre with great transport links and access to Bolton University.
The location opposite the train station also means that residents are only a short journey away from the bustling Manchester city centre - one of the fasted growing buy-to-let hotspots in the UK.
Bolton is an excellent investment hotspot due to its close proximity to Manchester and growth plan. Bolton has a wealth of future investment with £100m of projects recently in the pipeline to shape and transform its town centre. This will see the creation of 7,400 jobs and 1,800 mixed use homes which in turn will generate additional economic worth of £412m.
The continued development in Bolton has spurred on the local housing market, where property prices have increased by more than 24% in the last five years (Zoopla, May 2018), and as Manchester’s city centre becomes more and more oversubscribed this trend is likely to continue.
The apartment is currently tenanted and will provide immediate income to an investor. The local pool of potential student tenants is large and, with a location as good as this, Trinity Court is sure to have no problems maintaining rental yields in the future.
Gross rent: £4,740 Ground rent: £200 Service charge: £780 Lettings fees: £455 Net income: £3,305 Gross yield: 10.53% Net yield: 7.34%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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