>
12 bedroom apartment for sale
Egerton Road, Fallowfield, M14
£1,500,000
Egerton Road, Fallowfield, M14
£1,500,000
Our Summary
- offered for sale to cash buyers and experienced investors only
- All properties have undeveloped cellars with scope for further development in to apartments subject to planning
Description
This prime development in Fallowfield village offers a fantastic opportunity for cash buyers and experienced investors to acquire four, four-storey houses converted into 10 one-bedroom apartments. The property generates a yearly income of £100,260, representing a yield of 6.68%. The development is split into three blocks, each with separate entrances, and features undeveloped cellars with scope for further development into apartments, subject to planning. The apartments are all let out and offer a range of layouts, including studio apartments on the top floor. The property benefits from a car park providing residents' parking for 14 vehicles and access to the cellar chambers, which span the footprint of the whole development.