Under Offer
Manchester – Block of 15 New Build Apartments
Freehold Block of Apartments
Price
POA
Rent P.A.
£286,260
Yield
POA
Tenure
Freehold
Lease Term
Various
Area
7,301 SQ FT
VAT Applicable
No
Sector
Investment Consideration
- The building comprises 15 newly built apartments, split over six floors with total area size of 679 sq m (7,301 sq ft)
- Consist of 1-Bed, 2-Bed and 3-Bed Apartments
- Fully furnished to a high standard
- Asset management opportunity
- Potential to operate the apartments as serviced accommodation and increase rental income
- Opportunity to capitalise value and sell-off individual apartments
- Nearby occupiers include plenty of bars, restaurants, shops, train stations and car parks.
Key Features
Tenure
Freehold
VAT
VAT is not applicable.
Property Description
The property consists of 15 newly built apartments split over six floors. The property is conveniently located in the heart of Manchester, perfect for those seeking luxury living in a central location.
The property provides the following accommodation and dimensions:
Lower Ground: 2 x 1-Bed Apartments 101.00 sq m (1,087 sq ft)
Ground Floor: 2 x 1-Bed Apartments 82.30 sq m (886 sq ft)
First Floor: 1 x 2-Bed and 1 x 3-bed Apartment 120.10 sq m (1,292 sq ft)
Second Floor: 3 x 1-Bed Apartments 115.50 sq m (1,243 sq ft)
Third Floor: 3 x 1-Bed Apartments 114.80 sq m (1,234 sq ft)
Fourth Floor: 2 x 2-Bed and 1 x 1-Bed Apartment 144.80 sq m (1,559 sq ft)
Total area size: 679 sq m (7,301 sq ft)
The property provides the following accommodation and dimensions:
Lower Ground: 2 x 1-Bed Apartments 101.00 sq m (1,087 sq ft)
Ground Floor: 2 x 1-Bed Apartments 82.30 sq m (886 sq ft)
First Floor: 1 x 2-Bed and 1 x 3-bed Apartment 120.10 sq m (1,292 sq ft)
Second Floor: 3 x 1-Bed Apartments 115.50 sq m (1,243 sq ft)
Third Floor: 3 x 1-Bed Apartments 114.80 sq m (1,234 sq ft)
Fourth Floor: 2 x 2-Bed and 1 x 1-Bed Apartment 144.80 sq m (1,559 sq ft)
Total area size: 679 sq m (7,301 sq ft)
Tenancy Description
The apartment block will generate a NIY of ~6.00%, guaranteed by the vendor for the first 2 years. All lettings and management will be handled by the in house management team. Full tenancy schedule can be provided upon request.