Property Details

8 bedroom semi-detached house for sale For Sale

£800,000

ROI = 0% BMV = 0%

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Description

ATTENTION INVESTORS. A RARE OPPORTUNITY to acquire a substantial VICTORIAN SEMI DETACHED house which is split into 7, 1 and 2 bedroom apartments OVER FOUR FLOORS generating £66,000 RENTAL INCOME PER ANNUM with a 8.2% yield. Positioned on a sizeable plot with ample off road parking to the rear. The property is conveniently located with the City Centre being within close proximity. There are regular buses on Alexandra Road South, which links Manchester City Centre to fashionable Chorlton. Chorlton offers a great range of bars and restaurants. TO BE SOLD WITH THE FREEHOLD. 3208 sq ft (minus communal areas). An outstanding investment opportunity in a prime location of the up and coming Whalley Range close to all local amenities with Manchester City Centre being within close proximity as well as excellent transport links, Alexandra Park and fashionable Chorlton close by offering a great range of bars and restaurants. To be sold with the Freehold; is this substantial Victorian semi-detached property which has been converted into 7 apartments over four floors and is positioned on a sizeable plot with ample off road parking to the rear. With tenants currently in situ generating £66,000 rental income per annum with a 8.2% yield. There is a full rent potential of £71,000 offering a yield of 8.8% In 2021 new high efficiency storage heaters were fitted as well as internal wall insulation. All of the apartments have EPC rating C. Well-presented throughout the arrangement of the apartments include: two, one bedroom lower ground floor apartments, both with private entrances; two, one bedroom ground floor apartments; two, one bedroom first floor apartments and finally a generously sized two bedroom apartment to the second floor. Freehold Council Tax Band: A (all apartments) Appox. 3208 Sq Ft (excluding communal areas)

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