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42 Mill Street, Macclesfield, SK11 20 bed flat for sale
42 Mill Street, Macclesfield, SK11
£490,000
42 Mill Street, Macclesfield, SK11
£490,000
Our Summary
- •Full Planning permission 22/4407M
- Planning for 6 x 2 bedroom flats with provision to extend finished planning permitted flats to 3 and 4 bedroom flats as in layouts via permitted development
Description
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Here is a summary of the property description in a single paragraph:
This mid-terraced building in the town centre offers a prime pedestrianized position, with full planning permission for 6 two-bedroom flats that can be extended to three and four-bedroom flats through permitted development. The building has a build budget of £1 million and is expected to generate a profit of over 30%. The prospective rental income is £210,000+, with a GDV of £2 million. The property is currently let to a local business for £36,000 per annum on a 10-year lease, and the seller is not opted to VAT. The building has an EPC rating of 82, Band D, with plans to achieve a residential EPC of A.