A residential investment opportunity comprising a detached building recently refurbished to a high standard and affording 6 x 1 bedroom apartments. Five of the flats are currently let at monthly rents ranging between £525pcm - £600pcm, producing an annual income of approximately £34,000 with potential to further increase upon occupation of the vacant flat.

Location

The property is located in a predominantly residential position fronting on to Quakers Lane at the junction with Cotton Hall Street and Oliver Lane. Darwen railway station and town centre is approximately 500 metres to the south.

Tenure

Unknown

Tenancy

Flat	AST	Rent
2a	12 months dated 11.11.22	£600pcm
2b	6 months dated 25.01.22	£525pcm
2c	12 months dated 14.10.22	£600pcm
2d	VACANT	VACANT
2e	12 months dated 12.04.22	£600
2f	12 months dated 08.06.22	£525pcm

Costs

Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.

General

1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 21ST FEBRUARY AND CLOSES ON WEDNESDAY 22ND FEBRUARY.

3. We understand from the vendor that each of the flats benefit from their own gas and electric supplies and are separately metered (not verified).

4. The property is held on a 999 year leasehold title dated 15th November 1870

5. Energy Performance Certificate =
Flat A = C
Flat B = B
Flat C = B
Flat D = C
Flat E = B
Flat F = B