An East Lancashire apartment block which has recently undergone a range of improvements has hit the market.
Melbourne House, in Eastgate, Accrington, consists of 45 self-contained apartments, with a mix of studio, one-bed, and two-bed properties.
The building used to be offices for the Department of Work and Pensions, and was proposed to become flats back in 2018.
Melbourne House in Eastgate, Accrington (Image: Google Maps)
The listing, marketed by JH Asset Management, which is based in Chester, says there has been no less than a 95 per cent occupancy rate since 2020, and at full capacity, the annual rental income is close to £300,000.
The property, which has gone on the market for £3million, has undergone improvement works since 2020, including a new roof and re-sealing of all external windows.
JH Asset Management describes the property as a “fantastic investment opportunity” with space for additional income streams.
The block has studio, one-bed, and two-bed apartments (Image: Jordan & Halstead Asset Management - 01244 564005)
These include the potential for vending machines in the communal spaces on each floor and a laundry room in the basement of the building.
The property also benefits from a secure intercom entry system and the car park is allocated to building residents on a first-come first-served basis.
The building, in a prime location close to Accrington town centre and the train station, hit the market this week.
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel