Property description & features
- CALLING ALL INVESTORS & LANDLORDS!
- Mixed Use Development Opportunity - 3 Commercial Units & 7 Apartments
- Attractive Yield Return Above 6%
- Situated in Centre of Popular High Street
- Ideally Located Near Transport Links, Amenities, Pubs & Restaurants
- Development Expected to Finish End of Summer 2022
- Commercial Unit Size Ranging from 950-1200sq ft
- Residential Unit Size Ranging from 540-930 sq ft
Mixture of Commercial & Residential Opportunity (3 Commercial & 7 Residential - Sought After Location - High Yield Return - AVAILABLE END OF SUMMER 2022
Regency Estates are excited to announce a mixed commercial and residential investment opportunity on Blackburn Road, Astley Bridge to the north of Bolton. The property is directly opposite Asda supermarket and is close to several very popular restaurants & pubs and is within a busy suburban cluster of other well established commercial units. It has a direct route into Bolton Town Centre for access into Manchester and beyond and also within a few miles over popular countryside including Rivington & Jumbles reservoir.
Previously, the Royal Bank of Scotland it is currently undergoing significant alteration and extension to create 3 commercial units and 7 apartments. The property will be finished to a high specification throughout with no hesitation that the demand for both the commercial and residential will be high. The aim is for all units to be filled before completion so income can be received from point of completion.
On completion the development will offer the following accommodation:
Ground Floor
Shop 1 - 103sqm - 1,110sqft - UNDER OFFER
Shop 2 - 88sqm - 950sqft
Shop 3 - 111sqm - 1,200sqft - UNDER OFFER
First Floor
Apt 1 - 60sqm - 646sqft - 1 bed
Apt 2 - 71sqm - 764sqft - 2 bed
Apt 3 - 50sqm - 538sqft - 1 bed
Apt 4 - 77sqm - 829sqft - 2 bed
Apt 5 - 73sqm - 786sqft - 2 bed
Second Floor
Apt 6 - 77sqm - 829sqft - 2 bed
Apt 7 - 86sqm - 926sqft - 2 bed
All apartments will also have a storage unit on the ground floor for bikes etc.
ERV is estimated at c £95,000 pa and with offers invited at around £1.6 million, this offers an attractive yield of 6%.
Two of the commercial shops are currently under offer and in solicitors hands. The project is expected to reach completion towards the end of summer 2022.
This really is a unique opportunity and investments of this scale do not come on the market very often. Please call the office to arrange a viewing via sole agents Regency Estates.
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Property reference 11441778. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Regency Estates - Horwich.
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