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4 bedroom apartment for sale
Corkland Road, Chorlton, M21
£1,600,000
Corkland Road, Chorlton, M21
£1,600,000
Our Summary
- A RARE OPPORTUNITY to ACQUIRE A SUBSTANTIAL DOUBLE FRONTED DETACHED PERIOD CONVERSION consisting of FOUR RESIDENTIAL APARTMENTS CURRENTLY GENERATING A YEARLY RENTAL INCOME OF £31,800 plus a COMMERCIAL GROUND FLOOR UNIT & CELLARS, PREVIOUSLY ACHIEVING £33,000 PER ANNUM, WITH FULL PLANNING GIVING THE OPPORTUNITY FOR FIVE FURTHER FLATS offering SCOPE TO MAXIMISE YOUR RETURN
- OFFERED FOR SALE TO CASH BUYERS AND EXPERIENCED INVESTORS ONLY
- Ft The upper floors of the development consists of two x two bed apartments, two x one bed apartments, all currently let out in their current condition, generating a combined monthly rental of £2,650 which could be potentially increased if upgrades or improvements are made
- There is full planning permission in place for the ground floor and basement levels to be converted into five self-contained flats (plans available on request)
- Full Planning Permission In Place for Five Further Apartments
- Substantial Investment Opportunity
Description
This rare opportunity presents a substantial double-fronted detached period conversion with four residential apartments and a commercial ground floor unit, generating a yearly rental income of £31,800. The property is located in a prime position within walking distance to Chorlton Village, the Metrolink, and Chorlton Park. The upper floors consist of two two-bedroom and two one-bedroom apartments, currently let out, while the commercial ground floor unit is currently vacant and previously used as a doctor's practice. The property has full planning permission to convert the ground floor and basement levels into five self-contained flats, offering scope to maximize returns. The property has a total floor area of approximately 6140 sq ft, with residents' parking to the rear and is offered for sale to cash buyers and experienced investors only.