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Commercial Development for sale

Ash Tree Road, Manchester, M8

Removed £320,000

Property Description

Key features

  • EXCELLENT TENANTED INVESTMENT OPPORTUNITY
  • CURRENT RENTAL INCOME 30,060 PER ANNUM
  • POTENTIAL TO DEVELOP FURTHER ACCOMMODATION
  • NET YIELD OF 9.39% POTENTIAL TO INCREASE TO OVER 10%
  • CLOSE TO LOCAL AMENITIES, SCHOOLS & NORTH MANCHESTER HOSPITAL

Full description

Tenure: Freehold

An excellent tenanted investment opportunity offered as a block of six flats. The property includes three, one bed flats and three studio flats each with separate gas and electricity meters. The current rental income of £30,060 per annum.

The property is located close to local amenities, schools and North Manchester. There is potential to increase the rental income by converting the unused basement into either two further studios or a two bedroom flat which could increase the net yield to approx. 10%.


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