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11 bed terraced house
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Our Summary
- Prime Development Opportunity
- 4% Gross Yield With Scope To Further Maximise Your Return
- A FANTASTIC INVESTMENT OPPORTUNITY to acquire A SUBSTANTIAL DEVELOPMENT CONSISTING OF FOUR VICTORIAN MANSION TERRACES that have been CONVERTED INTO NINE SELF-CONTAINED APARTMENTS, with ADDITIONAL UNCONVERTED CELLARS, currently generating a combined yearly RENTAL INCOME OF £75,660 representing a YIELD OF 9
- 4%, with OPPORTUNITY FOR FURTHER DEVELOPMENT and SCOPE TO MAXIMISE YOUR RETURN Located within THE HEART of WITHINGTON VILLAGE, the property is just a short stroll to the fashionable Burton Road and West Didsbury village
- Living room, separate kitchen, large double bedroom and shower room Flat 6 – Bay fronted living room, separate kitchen, large double bedroom and shower room Flat 9 – Private entrance – in need of full refurbishment – vacant
- Flat 9 is currently vacant, requiring a full refurbishment to be in a rentable condition
- There are unconverted cellars, offering the potential for further development (subject to planning)
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Description
The property consists of four Victorian mansion terraces converted into nine self-contained apartments, with additional unconverted cellars. The apartments are arranged over two floors, featuring a mix of bay-fronted living rooms, separate kitchens, large double bedrooms, and shower or bathroom facilities. The development includes hard landscaped garden fronts, stone steps to external doors, and hard landscaped courtyard areas with unallocated off-street parking.
The property is situated in the heart of Withington Village, near fashionable Burton Road and West Didsbury village.