This week’s investment opportunity is from Old Hall Close in the ever popular Torrisholme area. This one bedroom, ground floor apartment offers bright and airy rooms with a modern kitchen and bathroom. Locally, there are some handy amenities as well as easy access to Lancaster, Morecambe and the M6 via the Bay Gateway.
An excellent feature of this sale is that there is already a tenant living at the property who is happy to stay.
It is currently on the market for £105,000 and the current tenant is paying £500pcm. This brings in a gross yield of £6,000 per year which is a 5.7% gross return.
For more information, give us a call on 01524 843322 or email josh@jdg.co.uk
https://www.jdg.co.uk/property-details/lancashire/morecambe/old-hall-close/31958796
