East Bank, New Church Road, Smithills, Bolton, BL1 5QP
For Sale - Investment Opportunity | Three Self-Contained Apartments
Overview
An excellent investment opportunity to acquire three extensive apartments within a substantial period semi-detached residence, discreetly tucked away off Church Road in the highly regarded area of Smithills, Bolton. Eastbank combines period elegance with generous accommodation, private outdoor space, parking and strong rental potential.
The development comprises three individually designed apartments, all offering generous accommodation, allocated parking and strong tenant appeal. The property is approached via an extensive gated driveway, providing privacy and exclusivity.
Two of the apartments are currently tenanted, with the third ready to be let, making this an ideal income-generating investment with immediate returns and further upside potential.
Investment Summary
3 self-contained apartments
2 currently tenanted
1 ready to let
Strong rental demand location
Projected Gross Annual Income: £35,880
Low annual service charge (£500 per unit)
Long leasehold interests (999 years)
Current / Potential Rental Income
Apartment 1: £1,200 PCM (marketed for let)
Apartment 2: £895 PCM (tenanted) FLOOR PLAN UPLOADED FOR THIS APARTMENT
Apartment 3: £895 PCM (tenanted)
Total Monthly Income: £2,990
Total Annual Income: £35,880
Location
Eastbank occupies a quiet and highly desirable setting whilst remaining within easy reach of excellent schools at all levels, the Ring Road network, open countryside, health clubs, golf clubs and tennis clubs. The development enjoys a secluded approach via a private driveway leading to Eastbank and two additional contemporary residences.
Private garden areas and parking facilities
Popular residential location with strong tenant appeal
Apartment One
Accommodation Overview:A substantial ground floor apartment offering flexible and beautifully presented accommodation with impressive ceiling heights, extensive fitted furniture, a superb garden room extension and private enclosed garden.
Communal entrance hallway with hardwood entrance door
L-shaped reception hallway with coved ceiling and inset spotlighting
Spacious living room with carved feature fireplace and living flame gas fire
Second reception/dining room with glazed access to garden room
Stylish fitted kitchen with integrated appliances and breakfast bar
Utility room and separate two-piece cloakroom
Two double bedrooms including principal suite with four-piece ensuite
Additional three-piece shower room
Private enclosed paved garden with gated access
Parking for one to two vehicles
Apartment Two
Accommodation Overview:A spacious first floor apartment retaining a wealth of character with high ceilings, exposed brick detailing and versatile accommodation over split levels.
Communal entrance with staircase to first floor
Breakfast kitchen with integrated appliances
Generous lounge with exposed brick fireplace and gas fire
Lower level room suitable for occasional bedroom or study
Two double bedrooms with fitted furniture
Three-piece shower room
Principal bedroom with extensive fitted robes and ensuite facilities
Communal gardens and private parking
Intercom access and loft storage
Apartment Three
Accommodation Overview:A spacious top floor apartment offering deceptively spacious accommodation with the advantage of having an ensuite, access to a loft area plus a small balcony.
Communal entrance with staircase to first floor
Breakfast kitchen with integrated appliances
Generous lounge with exposed brick fireplace and gas fire
Additional walk in room - potential office or study
Two double bedrooms with fitted furniture
Three-piece shower room
Principal bedroom with extensive fitted robes and ensuite facilities
Access to Loft room with Velux and carpeted via pull down ladder
Small balcony from the landing.
Communal gardens and private parking
Intercom access and loft storage
Rental & Investment Potential
Eastbank presents a rare opportunity for investors seeking sizeable apartments in a consistently popular residential location. The apartments are expected to generate a strong rental income with a combined projected return of £2990.00 per calendar month (£35,880 P.A). The spacious layouts, parking provision and proximity to schools, transport links and leisure facilities are expected to appeal to professional tenants and downsizers alike.
Additional Information
Tenure: all on a 999 year lease from 2020 * Peppercorn Rent.
Service charge: £ 500.00 P.A Per Unit and
Council Tax :
Apt 1: C
Apt 2: B
Apt 3: A
Mains gas, electric and water supplies are understood to be connected.
For further information or to arrange a viewing, please contact PLM Sales Ltd.
Disclaimer
These particulars are intended to give a fair and substantially correct overall description for the guidance of intending purchasers and do not constitute an offer or part of a contract. Prospective purchasers and/or lessees ought to seek their own professional advice.
All descriptions, dimensions, areas, references to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct, but any intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
All measurements are approximate.
All appliances, fixtures and fittings listed within details provided by PLM are 'as seen' and have not been tested by PLM nor have we sought certification of warranty or service, unless otherwise stated. It is in the buyer's interest to check the working condition of all appliances.