Plot for sale

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Plot for sale

Northenden Road, Sale, Manchester, M33
£2,750,000

Our Summary

  • A FANTASTIC OPPORTUNITY to acquire a PRIME DEVELOPMENT consisting of FOUR, THREE-STOREY HOUSES that have been CONVERTED TO PROVIDE TWELVE APARTMENTS, with additional UNCONVERTED CELLARS, spanning the foot print of the buildings, currently achieving a yearly rental income of £107,316, with OPPORTUNITY FOR FURTHER DEVELOPMENT and SCOPE TO MAXIMISE YOUR RETURN
  • There are unconverted cellars spanning the footprint of the four buildings, with approved planning permission to be converted into four additional, two bedroom apartments offering further scope to maximise your return
  • Full Foot print Cellars With Full Planning Granted
  • Mass Scope For Improvements
  • Prime Development Opportunity

Description

This prime development property in Sale offers a fantastic opportunity for investors to acquire a fully let portfolio of 12 apartments, generating a yearly rental income of £107,316. The property consists of four three-storey houses, each converted into three apartments, with additional unconverted cellars offering scope for further development. The apartments are all currently let out, with six two-bedroom and six one-bedroom apartments, each featuring an entrance hallway, living room, and separate kitchen or open-plan living/kitchen and bathroom. With approved planning permission to convert the cellars into four additional two-bedroom apartments, there is potential to increase the rental income. The property is located in the heart of Sale, close to shops, parks, and transport links, with ample off-road parking for residents. The freehold property is in Council Tax Band B and offers a rare opportunity for experienced investors to maximize their return.