Sold

Manchester – Portfolio of 15 flats and houses located throughout the Greater Manchester region

Offers in excess of £1,750,000

Property Types:
Portfolio, Residential
Sub Types:
Multiple Flats, Multiple Houses, Investment

Description

Investment Considerations

  • Portfolio comprising 15 residential units in total, with a combination of new builds and established properties, arranged as: 7 x apartments & 8 x houses
  • Mix of Freehold and Long Leasehold interests
  • Portfolio is well located, with properties situated throughout the Greater Manchester region
  • Handpicked properties ensuring walking distance to train, metro and bus routes
  • The majority of properties are located within the Manchester Outer Ring Road, with the remaining located in popular suburban areas
  • Currently fully let, producing an income of £127,080 per annum
  • Potential to increase income to an Estimated Rental Value (ERV) of £130,620 per annum
  • An asking price offer reflects a Gross Yield of 7.46% (based upon the ERV)

Subject to contract