Summary - 34, BRIDGE STREET BL9 6HH
10 bed 10 bath Block of Apartments
Fully let, newly renovated mixed-use property with strong current income.
Freehold mixed-use block of ten one-bed flats and two commercial units
A substantial freehold mixed-use block in central Bury, offered at auction with immediate income. The property comprises ten self-contained one-bedroom apartments over the first and second floors plus two ground-floor commercial units currently trading as a café and hairdresser. The portfolio is newly renovated and producing a current gross income of £94,000 per year; solar panels are being installed to reduce running costs.
This is a hands-off investment for a buyer seeking income: all units are fully let and the building benefits from modern finishes, electric heating and contemporary one-bed layouts that suit rental demand. The property sits on Bridge Street close to the town centre with excellent mobile signal, fast broadband and local bus links, supporting rental occupiers and the retail frontage.
Considerations for purchasers: the building sits in a very deprived area with local classifications of ‘hampered aspiration’ and ‘constrained renters’, which can affect void risk, rent growth and tenant profiles. Full lease details, service arrangements and tenant deposits should be checked prior to bidding; the property will be sold at auction and is offered as a freehold.
For an investor willing to manage local-market dynamics, this lot offers a high current income and recent refurbishment that reduce immediate capital expenditure, while solar panels should help future operating margins. The block may suit portfolio buyers or those seeking a value-add route to stabilise returns in a major conurbation location.
Mixed use property for sale in 34 - 40 Bridge Street, Bury, Lancashire, BL9 6HH, BL9 — £850,000 • 1 bed • 1 bath
Mixed use property for sale in 34 - 40 Bridge St, Bury, BL9 6HH, BL9 — £995,000 • 1 bed • 1 bath
Commercial property for sale in 205, 205b & 205c Manchester Road, Bury, BL9 9HL, BL9 — £200,000 • 4 bed • 3 bath • 1044 ft²
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2 bedroom flat for sale in Britain Street, Bury, Greater Manchester, BL9 — £97,500 • 2 bed • 1 bath • 594 ft²
