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£475,000

12 bedroom block of apartments for sale

The Grove, Ince, Wigan, WN2 2BU

£475,000

12 bedroom block of apartments for sale

The Grove, Ince, Wigan, WN2 2BU

Description

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Property features

  • Newly renovated development
  • Whole block of apartments (freehold)
  • 6 x 2 bedroom apartments
  • Larger than average accommodation
  • High specification finish
  • Private carpark to rear
  • Backs onto park & 2 mins to train station
  • £36,000 guaranteed income (8% yield)

Nearest stations

Ince (Manchester) (0.1mi.)
Wigan North Western (0.9mi.)
Wigan Wallgate (0.9mi.)

Nearest schools

school icon  St William's Catholic Primary School (0.1mi.)
Good
school icon  Britannia Bridge Primary School (0.3mi.)
Good
school icon  Ince CofE Primary School (0.3mi.)
Good

Property description

Looking to invest in property in the north but are worried you don't have time to find tenants or look after the property? Want a guaranteed return of at least 8%?... then The Grove may be just what you are looking for. We are delighted to offer for sale an incredibly rare opportunity for an investor to purchase this newly renovated development block (including the FREEHOLD) of 6 x 2 bedroom apartments located close to Wigan town centre and next to a train station with direct links into Manchester & Bolton. Each apartment is larger than your typical two bed apartment and includes two double bedrooms and a high specification finish with good quality fixtures and fitting. They are nearing completion and meet all new electrical and fire regulations and each will feature brand new fitted kitchens with built in cooker, hob & extractor over and tiled full sized bathrooms with showers over in each apartment. Warmed by electric heaters they also have their own hot water tanks & security intercoms. Outside there is enclosed private car park to rear providing ample parking for residents and guests together with bin and bike store. The development backs onto & overlooks fosters park & playing fields to rear with pleasant views over Christ Church and only 2 minutes walk from the train platform. At £75,000 per apartment this development has been priced realistically to sell but what is going to really appeal to investors is that the current developer has already secured a deal with an housing association to let each apartment for at least £500 PCM over a minimum period of 3 years generating a potential annual income of £36,000 providing a yield of at least 8% and with the apartments being so big their is even potential for an uplift on this.

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Map

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Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Nearby services within a 4 mile radius

Stations
Schools
Food stores
Health

Street view is not available at this location

Floor plans

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Call 01942 566706
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Property reference 9130438. 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. This property advertisement does not constitute property particulars. The information is provided and maintained by Regan & Hallworth - Wigan. Please contact the selling agent directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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