Sold
Manchester City Centre – Investment opportunity comprising 28 apartments
6 - 14 Great Ancoats Street Manchester M4 5AZ
Offers in excess of £3,950,000
- Property Type:
- Residential
- Sub Type:
- Block of Flats
- Tenure:
- Freehold
Description
On the instruction of L Cooper and J Woodside of RSM acting as Joint Fixed Charge Receivers
• Freehold
• Prominent Northern Quarter location
• 28 apartments in a purpose built block
• 15 x one bed and 13 x two bed apartments
• Currently operated as serviced apartments
• Commercial unit on the ground floor sold on a 999 year lease
• Current Rent Reserved: £220,000 pa
• Estimated Rental Value if let on standard ASTs: £272,400 pa
• Gross Yield (from the ERV): 6.9%