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20 bed flat
42 Mill Street, Macclesfield SK11
POA
42 Mill Street, Macclesfield SK11
POA
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 center, offering a prospective rental income of £210,000+. The building has full planning permission for 6 two-bedroom flats, with the option to extend to three and four-bedroom flats through permitted development. The project is at Riba stage 4 and 5, with a build budget of £1 million and a projected profit of over 30%. The gross development value is estimated to be £2 million. The property is not opted to VAT, and the EPC rating is currently 82, with plans to achieve an A rating for the residential units.