5 bed terraced house for sale

Bromwich Street, Bolton BL2

Six established residential investment blocks now available

Josephs Estate Agents are delighted to offer investors the opportunity to acquire six separate apartment blocks, each comprising 5 self-contained one-bedroom apartments.
This is a particularly attractive opportunity for both experienced landlords and investors looking to expand their residential portfolio with income-producing assets that have an established rental history.

The investment:
10 Bromwich Street and 22 Bromwich Street block comprises:
• 5 self-contained 1 and 2 bedroom apartments in each unit.
• £29,500 per annum rental income - Gross.
• Apartments have been successfully rented for approximately 16 years
• Professionally managed by Josephs Estate Agents
• Established rental demand and proven income history
• Offered at £300,000 per unit.
At the asking price of £300,000, the current rental income of approx. £29,500 per annum represents a gross rental yield of approximately 11.32%, before costs.
Six-block portfolio opportunity

For investors looking to acquire multiple assets, there is the opportunity to purchase all six blocks, providing a combined portfolio of 30 self-contained one-bedroom apartments
A combined rental income of approximately £180,000. At £1.96 million for all six blocks, this represents a combined gross yield of approximately 10.88%, based on the current rental income.

Why this opportunity stands out.
The blocks have a proven rental track record, having been occupied and generating income over the past sixteen years, with the properties managed through our established estate agency for the last 6 years.

This is an opportunity to purchase vacant units and build an income stream from scratch or simply take over a ready portfolio and start earning a return from day one. Investors are acquiring an established residential investment with a sixteen-year rental history, existing demand and professional management already in place.

The combination of multiple self-contained apartments, established rental income and professional management makes these properties particularly suited to landlords seeking to build or increase their residential investment portfolio.
Investors interested in acquiring individual blocks or discussing the six-block portfolio as a whole are encouraged to contact Adam at Josephs Estate Agents for further information and to arrange a viewing.