Studio flat for sale

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Studio flat for sale

The Bank, Deansgate, Bolton, BL1
£32,500

Price History

Initial price £37,500
24/09/24 £32,500
Price Change -13.33%

Description

This attractive studio apartment is a lucrative investment opportunity, offering a 9.3% net yield. The property is tenanted until July 2025 and generates a rental income of £5,865 per annum on a 51-week contract. The studio is located in the popular Bank building in Bolton Town Centre, just a short stroll from the University of Bolton and local train station. The building has been modernized to a high standard, featuring en-suite facilities, fully fitted kitchenettes, and communal kitchens on each floor. The property is an attractive choice for student tenants and offers a superb location with easy access to retail, leisure, and cultural activities. With a net income of £3,011.66 per annum, this is an excellent opportunity for first-time investors or those looking to add to their existing portfolio.