Full Details
For sale by auction bidding to open at 2pm on 25/04/23
Hyde Estates present this fantastic investment opportunity in Longsight. This large detached building formerly a pair of semi detached houses comprises of 8 self contained apartments. Located on a residential street close to shops and transport links. Situated on a large plot with a lawned front garden with drive and a low maintenance garden to the rear. The building and all apartments are rented and maintained by Serco with an agreement in place until 01/09/2026. The annual income is £54,720 with each apartment achieving £570.00 pcm.
The building is made up of 7 x 1 bedroom self contained apartments, each featuring a living room, fitted kitchen, and bathroom. The loft houses 1 x large studio apartment comprising of studio with kitchen and separate bathroom. We believe that in 2013 new combi boilers were installed in each apartment. The basement could be converted (subject to planning with the local authority) to accommodate a further two studio apartments. The current owner has advised Hyde Estates that Serco would rent these too should they be converted.
Tenure – Leasehold
Energy performance rating - TBA
Viewings - No internal inspections available
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