Demesne Road, Manchester 16 bed detached house for sale

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Demesne Road, Manchester 16 bed detached house for sale

Demesne Road, Manchester
£1,650,000

Our Summary

  • *INVESTMENT OPPORTUNITY* A detached freehold development of TEN SELF CONTAINED APARTMENTS comprising of 4 x 1 bedroom apartment and 6 X 2 bedroom apartments
  • Investment Opportunity

Description

This is an investment opportunity to purchase a detached freehold development of ten self-contained apartments, comprising of four one-bedroom and six two-bedroom units. Each apartment features an open-plan living space with modern fitted kitchens, generous bathrooms, and spacious bedrooms. The property is situated within large private, gated grounds with southerly-facing communal gardens and ample car parking spaces. Conveniently located near multiple transport links and local amenities, the property currently generates an annual rental income of over £108,000, yielding approximately 6.65% at a purchase price of £1.65 million. The property underwent a "back to brick" renovation, with new brickwork, windows, and roof, as well as internal enhancements, to a high standard.