A built and tenanted character mill conversion located in the well invested area of Padiham forming part of the Borough of Burnley, ranked highest place in England in rental hot spots.
These tenanted 1 bed + study and 2 bedroom apartments offer a great investment for anyone looking for a cash only investment with strong yield returns.
With tenants already in situ, meaning income is earned immediately, this is a fantastic low risk opportunity, ideal for investors of any experience.
The development provides easy access to M65 and A66 meaning it is perfectly placed for commuting to many locations including Burnley, Bolton, Preston and Manchester all within easy reach. Its central location means shops, restaurants and local amenities are all nearby, with many bus and train services also available.
Burnley has a planned 50 million pound retail investment due which will bring many additional businesses into the area creating a considerable amount of jobs. Padiham its self is currently undergoing a 10 million pound investment into the centre and surrounding area.
The North West has also topped the league having the highest predicted house price increases over the next five years and if that wasnt enough Burnley was recently reported to have seen house prices increased above the North West average with apartments seeing the biggest increases.
Risk Warning and Disclaimer:
The price of property can go down as well as up. Historic performance should not be taken as a guarantee of future performance. Geared property investment with mortgages can increase risk of losing money as well as increasing the possible gains. Mortgage products referred to in the website can be withdrawn by the lender or have rates or other terms changed without notice and reference to any products does not imply they are certain to be available in the future. Mortgages referred to may also have certain applicant restrictions and are for indicative purposes only although reasonable endeavours have been used to ensure that they are available at the time of publication and are applicable to a significant number of our purchasers. This site is for information purposes only and nothing on this site should be taken as definitive investment advice for your particular situation without you seeking additional guidance directly from ourselves or from other finance and property professionals. Property particulars on this site do not form part of an offer or contract. The developer and Assetz Property Ltd, whilst endeavouring to ensure complete accuracy in these property particulars, cannot accept liability for any errors. Valuations of property or indicated rents achievable are either estimated or derived from valuations and/or comparables and can change and should not be relied upon without your own additional valuation and research, but we have carried out reasonable endeavours to achieve accurate indications for these figures. All descriptions, dimensions, areas, reference to condition and, if necessary, permissions for use and occupation and their details, are given in good faith as provided by the developer and are believed to be correct. However, these are subject to change, especially, but not wholly, relating to any property that is off-plan or not yet complete. Any intending purchaser should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The onus is on each individual investor to undertake their own due diligence, enquiries and inspections. Where shown, net yields are calculated as rental income less expected service charges less expected ground rent as a percentage of the property price. No void periods, optional letting agent costs, repairs or other costs are deducted. Our standard Terms and Conditions of Sale will apply. E. & O. E.