Blackburn - 21% Below Market Value Mixed Use Freehold Property

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21% Below Market Value

Mixed-Use Freehold Property With 2 x Commercial Units & 3 x 1 Bed Flats

Blackburn Road, Great Harwood, Blackburn, BB6 7DE

Market Value = £200,000

Purchase Price = £158,000

Finders Fee = £4,000

Current Gross Income = £19,800 per annum

For a limited time only we have managed to secure potentially fantastic cash flowing freehold property already partly let and with potential to increase cash flow ounce fully let.

The two commercial units consist of a Café / Caterer and the larger unit of 50m2 is let by a local hairdresser who’s 1 year into a 3-year lease. Both units have their own electric meters.

The 3 x 1-bed flats accessed from the rear, consist of lounge/kitchen with a three-piece shower room and separate bedroom. They all have their own pay as you go electric meters.

The flats range in size from 34m2 – 38m2.

The flats would benefit from upgrading the heating and hot water supply.

From our research, the 1-bed flats could easily achieve over £50,000 if the title was split.