COMMERCIAL
1, 2, 4 and 5 Russell Square, Madeley, Telford, Shropshire, TF7 5BB
Offers in Region of
£505,000
- PROPERTY TYPE
Commercial Property
- BEDROOMS
5
- BATHROOMS
5
- SIZE
Ask agent
Key features
- Fantastic Potential Investment Opportunity - Four Newly Converted Apartments
- Potential Rental of £46,800 pa Approximate Yield of 9.2%
- Small Development of Just Six Apartments - Two with Lift Access
- Lovely Huge Open Plan Kitchen/Dining/Sitting Rooms Two with Balcony Areas
- Set in The Centre of Madeley Town with Fantastic Amenities on The Doorstep
- For More Details Contact Mannleys
- EPC RATINGS - D on all Apartments
Description
An outstanding and rare investment opportunity awaits in the heart of Madeley town centre, presenting a meticulously developed small complex of six newly converted apartments. This impressive portfolio of four apartments is offered for sale with offers in the region of £505,000, promising a fantastic potential rental income of approximately £46,800 per annum, equating to an attractive approximate yield of 9.2%.
Each of the four apartments has been thoughtfully designed and finished to a high standard, catering to modern living requirements. The development comprises a mix of apartment types, with two of the units benefiting from convenient lift access, enhancing their appeal and accessibility. The remaining four apartments are equally well-appointed, ensuring broad tenant appeal.
Internally, the apartments boast generous living spaces, characterised by lovely huge open-plan kitchen, dining, and sitting rooms. These expansive areas are perfect for contemporary lifestyles, offering versatile layouts for relaxation and entertaining. Two of the apartments further benefit from private balcony areas, providing desirable outdoor space and enhancing their marketability.
With a total of five bedrooms and five bathrooms spread across the four apartments, the configuration ensures comfortable accommodation for a variety of tenants, from individuals to small families. The emphasis on open-plan living creates a bright and airy atmosphere throughout each unit, complemented by modern fixtures and fittings.
One of the most compelling aspects of this investment is its prime location. Situated directly in the centre of Madeley town, residents will enjoy unparalleled access to a fantastic array of amenities right on their doorstep. This includes local shops, supermarkets, eateries, and public transport links, all contributing to the convenience and desirability of the location. The vibrant town centre ensures a consistent demand for rental properties, making this an ideal long-term investment.
Each apartment has been assessed with an Energy Performance Certificate (EPC) rating of D, indicating a reasonable level of energy efficiency, which is beneficial for both tenants and landlords in terms of running costs. The new conversion status means that the properties are in excellent condition, requiring minimal immediate maintenance and offering a turn-key solution for investors.
This is a truly unique chance to acquire a ready-made income-generating asset in a sought-after location. The potential for strong rental returns, coupled with the high standard of conversion and central positioning, makes this an unmissable opportunity for discerning investors looking to expand their portfolio or enter the lucrative rental market. For more comprehensive details and to arrange a viewing, interested parties are encouraged to contact Mannleys, the appointed estate agents for this exceptional development.
1, 2, 4 and 5 Russell Square, Madeley, Telford, Shropshire, TF7 5BB
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Telford Central Station3.0 miles
- Oakengates Station3.8 miles
- Shifnal Station3.9 miles
Notes
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Disclaimer - Property reference MNN_WLL_LFSYCL_910_1035401550. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mannleys Sales & Lettings, Telford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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