Apartment Block Portfolio... 20 bed apartment for sale

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Apartment Block Portfolio... 20 bed apartment for sale

Apartment Block Portfolio, Manchester, Greater Manchester, M20
£2,700,000

Our Summary

  • DescriptionWe are delighted to present a rare investment opportunity comprising five apartment blocks offered for sale for the first time in 60 years
  • The portfolio in brief consists of:• 15 apartments let on Assured Shorthold Tenancies (ASTs)• 3 apartments held on Regulated Tenancies• 2 vacant apartmentsThere is clear scope to enhance rental income across the portfolio (currently achieving circa £166,000pa), with value-add opportunities through refurbishment/redecoration, redevelopment (subject to any relevant permission) and proactive asset management
  • Currently achieving circa £166kpa, scope to improve

Description

This is a rare investment opportunity to purchase a portfolio of five apartment blocks, comprising 20 apartments in total, located across popular South Manchester locations, Didsbury and Sale. The portfolio includes 15 apartments let on Assured Shorthold Tenancies, three apartments held on Regulated Tenancies, and two vacant apartments. The properties are situated in highly desirable suburbs, with Didsbury offering a vibrant village atmosphere, excellent schools, and strong transport links, while Sale is a thriving town with outstanding schools and a growing demand from young professionals and families. The portfolio offers clear scope to enhance rental income through refurbishment, redevelopment, and proactive asset management, with a current annual rental income of circa £166,000.