Summary - Flat, 1, Bank Buildings, BARNOLDSWICK BB18 5ND
6 bed 4 bath Apartment
Freehold four-flat investment, fully let with immediate 9.28% yield.
Four high-spec apartments converted from former bank building
An immediate income-producing investment, this freehold former Lloyds Bank has been converted into four high-spec apartments and is offered with all units let. The building delivers a marketed yield of 9.28% and is fully occupied by sitting tenants, providing an instant return from day one.
Each flat was finished to a contemporary standard with integrated kitchen appliances and modern three-piece shower suites with walk-in showers. Layouts include two one-bed units, a two-bed duplex and a two-bed ground-floor apartment; the conversion includes a communal hallway and a shared storage room at the rear.
The property’s central Barnoldswick location gives tenants easy access to local amenities and transport links, supporting rental demand. The freehold tenure and compact overall size simplify management for a small-scale landlord or portfolio investor.
Buyers should note some material negatives: the surrounding area is relatively deprived with above-average crime statistics and slow broadband speeds, which may affect long-term capital growth and tenant profile. The building is centrally located with limited on-site parking provision and three apartments accessed via a communal rear corridor, which may be a consideration for future reconfiguration or management.
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