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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%