4, 5, 5A & 5B Alexandra Mews, Alexandra Road, Blackburn, Lancashire BB2 6DW

A truly unique opportunity to acquire a cluster of properties on the popular cul de sac of Alexandra Road, Blackburn. The main three storey outbuilding, formerly the servants quarters, sits to the rear of 91 Alexandra Road, and was converted into three unique residential addresses many years ago. The most surprising element is the converted water tower, sitting proudly above of the main dwelling, increasing the overall height to six storeys. 4 Alexandra Mews is a separate dwelling and comprises a one bedroom, two storey cottage. Neither the water tower or number 4 have been inspected by BTG Eddisons. The site is fully occupied and is a mix of regulated and standard tenancies. These will be available to download within the legal pack, once received. The rent, based on these agreements, equates to £17,280 per annum. Following improvements, the rents have significant scope to be increased, providing a higher yield. Please note - Upon inspection, some external cracks were identified on the main building. Buyers are encouraged to do their own research prior to bidding. In addition to the buildings, there is an adjoining plot of land to the west, measuring approximately 0.15 acres, and this could be kept as gardens or a buyer could look to repurpose the land, subject to the necessary consents. Access to the land is currently only available through the cottage known as 4 Alexandra Mew…

From the Pugh & Co listing. Read the full listing and legal pack →