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Block of apartments for sale
My Street, Salford M5
£1,300,000
My Street, Salford M5
£1,300,000
Our Summary
- The portfolio is in the area where the Media City is set to double in size and scope by 2030 driving further demand to the area for investment and increasing both rental and property values with the improvements to the infrastructure with excellent bars, restaurants, shops in Manchester City Centre which is approx
- The Freehold land and building has great scope to extend subject to planning consents but may give an opportunity to extend into the loft/roof space and basement areas including another option of a complete redevelopment of the site to add additional floors and individual apartments
Description
This impressive freehold portfolio property in Salford, Manchester, comprises eight apartments that generate approximately £96,000 per annum in rent. The property is situated in a prime location near Salford Quays, Media City, and the city center, with excellent bars, restaurants, and shops within a 5-minute tram ride. The area is set to experience significant growth by 2030, driving demand for investment and increasing rental and property values. The freehold land and building offer scope for extension or redevelopment, subject to planning consents, providing opportunities to add additional floors and apartments. The property consists of five one-bedroom apartments and three two-bedroom, two-bathroom apartments.