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8 bedroom apartment for sale
The Old Post Office, Spring Gardens, Hyde
£825,000
The Old Post Office, Spring Gardens, Hyde
£825,000
Our Summary
- This is a fantastic opportunity to pick up a brand new completed development at below market value and would make a great investment with an expected gross yield of around 9%
Description
The Old Post Office in Hyde is being converted into 7 apartments, with the freehold interest available for sale at a discounted price. The development is scheduled to be completed in December 2024 and offers a gross yield of around 9%. The apartments range from one to two bedrooms and feature a mix of original character features and modern specifications. The building has undergone extensive restoration to preserve its historic charm, with each apartment having its own private entrance and unique layout. The development includes 4 car parking spaces and is located close to Hyde Park, train stations, and the motorway network, making it an ideal investment opportunity with easy access to Manchester and surrounding areas. The apartments are equipped with high-quality fixtures and fittings, including Melrose kitchens, Elements bathrooms, and electric Rointe radiators.