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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
This property is a mid-terraced building in a prime pedestrianized location in the town centre, offering a prospective rental income of £210,000+ per year. The property has full planning permission for the development of six 2-bedroom flats, with the option to extend to 3 and 4-bedroom flats through permitted development. The build budget is £1 million, and the expected profit is over 30%. The gross development value is £2 million. The property is not opted to VAT, and the EPC rating is 82, with a target of achieving an A rating for the residential development.