Should one be considering taking their first foray into the rental market or a more seasoned investor looking to swiftly bolster their property portfolio, this fabulous investment opportunity may provide the perfect prospect. Situated within this consistently popular and fully occupied student development amidst the vibrant centre of Bolton, these low-entry priced units realise an impressive annual yield and are an ideal way to dip one’s toe into the role of a landlord, whilst being fully supported by an award-winning property management company, focused on their commitment to both tenants and investors. This hands-off approach Is perfect for those who wish to grow their experience or are simply too busy to be involved in the process.
Situated in Bolton’s quieter and historic civic area of the town centre, this beautiful period building, as its name suggests, was for much of its life utilised as a centre of banking and commerce, now re-modelled and re-purposed for the 21st century, sympathetically converted to a range of student suites and rebranded simply as The Bank, a place to house our next generation of innovators and offering a positive environment in which to settle into university life.
The sympathetic development of this stunning building provides a real lesson in how to retain character whilst offering all of the modern appointments and facilities one would expect of such a community, creating a new benchmark for student living and a welcome feeling more reminiscent of a boutique hotel than a residential building.
Aside from the inclusion of all bills, including high speed WiFi, security features include CCTV in communal areas and an electronic key fob entry system.
Lying adjacent to the magnificent town hall and stunning Le Mans Crescent, affectionately named in 1974 to honour the twinning of the two towns, the distinctive, curved row of grand buildings features impressive Victorian and Edwardian architecture, with its famous cobbles garnering a great deal of demand in recent times as a popular filming location for film and television productions. Its cultural activities extend further with the highly acclaimed Octagon Theatre, Bolton Central Library and museum within a few moments’ stroll. When one is looking for something a little more vibrant, the bustling town centre, as one would anticipate, provides plenty to attract its young demographic, including high street stores, independent shops and amenities, not to mention an array of drinking and eating establishments, which will be sure to score highly with those who enjoy an active social calendar. The University of Bolton is within a short walk, as is Bolton Interchange, a public transport hub which combines the town’s bus and railway stations, providing swift access to Manchester and beyond.
This particular unit benefits from private kitchenette facilities and an en-suite shower room/WC, and is tenanted until the 30th September, 2026, currently commanding an impressive annual yield of 10.92%.
- Tenure: Leasehold
- Years Remaining on Lease: 236
- Ground Rent Payable: £350.00 p.a.
- Service Charge Payable: £2,006.40 p.a.
- Council Tax: Band A
For further details on this property please call us on:
01204 800292