1 result for “Sale” (For Sale)

18 Bed Flat Apartment in Sale M33 For Sale

£2,750,000

Key Features Prime Development Opportunity Mass Scope For Improvements Twelve Apartments Options To Purchase As Whole Block Or Seperate Pairs Full Foot print Cellars With Full Planning Granted Approx. 9577 Sq.Ft Prime Location Experienced Investors Only Full Property Description The property is currently fully let with a rental income of £8,943pcm. The development is split into four buildings each containing three apartments, with an apartment to each floor. There are six x two bedroom apartments and six x one bedroom apartments, all comprising of an entrance hallway, a living room and separate kitchen or an open plan living/kitchen and bathroom. The apartments are all currently let out in their current position, generating a combined yearly income of £107,316 which could be potentially increased if upgrades or improvements are made. There are unconverted cellars spanning the footprint of the four buildings, with approved planning permission to be converted into four additional, two bedroom apartments offering further scope to maximise your return. The front of the property is approached via an area of garden frontage, with a path leading up to the entrances of the buildings. There is ample off road parking for residents, which can be accessed via Stamford Place. The cellars can be accessed from the rear car park. Freehold Council Tax Band B Approx. 9577 sq.ft