RECENTLY DEVELOPED WE ARE EXPECTING THIS TO BE FULLY LET WITHIN WEEKS. ANTICIPATED NET INCOME OF £55,880 – YIELDING 6.61%!<br /><br />This brilliant three-storey property consists of 8 studio apartments and 3 commercial units on the ground floor. All apartments come with fully fitted modern kitchens and three-piece suite bathrooms with shower over bath. Each studio has a floor to ceiling window which gives the accommodation a light and airy feel. <br /><br />Yorke House is in Burnley, Lancashire which is 80% rural meaning it offers an excellent quality of life. It is very well connected being just 21 miles from Manchester and 20 miles from Preston and is situated on the M65 which connects to the M6 and M62. A direct train service runs from Manchester Road railway station to Manchester Victoria which makes it a great choice of location for commuters. Burnley is also a growing university town and aims to offer courses to 4,000 students by 2025, meaning there will be increasing demand for rental properties such as the apartments on offer at Yorke House. A recent investment of £23 million has been secured to transform the town centre, Pioneer Place is set to be completed in 2023 and will create a leisure space including cinema and retail units which will broaden the appeal of the town and create employment opportunities. <br /><br />BB11 is a popular area with 787 transactions recorded in the past 12 months, which is 352.6% higher than the national average of 174 (Mouseprice). Overall, sold prices in Burnley over the last year were 9% up on the previous year and 19% up on the 2019 peak (Rightmove) which makes Yorke House is a lucrative investment opportunity.<br /><br /> Financial Breakdown<br /><br /> Gross rent: £35,880 <br /> Lettings fees: £1,699 <br /> Net income: £33,881 <br /> Gross yield: 4.49% <br /> Net yield: 4.24% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-17402