The Bank, Bolton, BL1 1HA

£34,888

KEY FEATURES
  • Low Entry Price
  • Immediate Income
  • Self Contained Studio
  • Period Building
  • Top Floor
  • Town Centre Location
  • 7 Minute Walk To Bolton University
  • Student Accommodation
  • Close to Restaurants, Shops & Bars
  • Fantastic Transport Links

Financial Performance
Gross rent £4,680
Ground rent £175
Service charge £1,375
Net income £3,130
Gross yield 13.4%
Net Yield 8.9%
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  Mr Investa offers this open plan studio in The Bank located on the 2nd floor. Offering immediate income this is great for first time investors or perfect addition to your portfolio.

Developed with final year undergraduates and postgraduates in mind. The Bank is a really popular accommodation choice.

The property briefly comprises; open plan bedroom / living / kitchen, en suite.

This beautiful period building was once the prestigious Lloyds Bank. It has been developed into 28 luxury boutique studios, complete with en suite facilities and fully fitted kitchenettes - perfect for independent living. The studios are arranged over 3 floors, Ground/mezzanine, 1st and 2nd floor. As an added extra, and to encourage the development of friendships, each floor has its own luxury fitted communal kitchen.

With a superb location, just a short stroll from the University of Bolton (less than 10 minutes) and the local train station. The Bank is located in the quieter area of the town centre, accessibility of retail, leisure and cultural activities couldn't be better. The Octagon Theatre (where you can enjoy nationally acclaimed productions) is less than a 5 minute walk away.


Financial Performance:

Current rent pcm - £390 pcm / £4,680 pa
Service charge & Lettings fee - £1,375 pa
Ground rent - £175 pa

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.