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Deedi Ltd
For SaleAvailableFeatured

Victoria Square Investment Block

Victoria Square, Deansgate, Bolton, BL1 1RJ

Victoria Square Investment Block — image 1 of 31 / 3
8
Bedrooms
8
Bathrooms
8
Receptions
6,450 sq ft
Floor area

About this property

Our total investment portfolio in the Victoria Square area — six flats and two retail units, fully tenanted, producing £96,000 gross per annum.

This is the whole of our property investment portfolio in the Victoria Square area, offered as one lot rather than a single building — two ground-floor retail units with six self-contained one- and two-bedroom flats on the upper floors.

The building is fully let and income-producing, with the retail units on unexpired terms of four and seven years to established covenants, and the residential units let on assured shorthold tenancies with a rolling schedule of renewals.

Financials

Gross income of £96,000 per annum against an asking price of £1,150,000 — a gross yield of 8.3%. Full tenancy schedule, service charge budget and compliance documentation available on request to qualified parties.

Management

Deedi manages the block in its entirety and can continue under a new ownership on agreed terms, giving a hands-off position from day one.

Key features

  • Total portfolio for the area
  • Fully let — £96,000 gross pa
  • 8.3% gross yield
  • Six flats, two retail units
  • Established retail covenants
  • Management can be retained

Property details

Property type
Investment
Tenure
Freehold
EPC rating
C
Postcode
BL1 1RJ
Status
Available

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