Culvert House, 2 Henderson Street, Macclesfield, SK11 6RA, Macclesfield
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- BATHROOMS
6
- SIZE
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Key features
- TO BE SOLD VIA AUCTION
- £95,160 Annual Income
- Approximately 7% Gross Yield
- Newly Converted Apartments
- Specialist Supported Housing investment
- Six self-contained one-bedroom apartments
Description
TO BE SOLD BY ONLINE AUCTION ON 9TH-10TH SEPTEMBER 2026 UNLESS SOLD PRIOR UNDER AUCTION TERMS
Culvert House, Henderson Street, Macclesfield, SK11 6RA
An exceptional opportunity to acquire a fully completed and immediately income-producing Specialist Supported Housing investment comprising six self-contained one-bedroom apartments.
The development has been comprehensively converted and finished to an impressive modern standard, offering attractive, purpose-designed accommodation with no immediate refurbishment expenditure anticipated.
Each apartment provides a fitted kitchen, open-plan living and dining area, one bedroom and a modern bathroom. The development also benefits from secure communal access, CCTV provision and external areas.
The accommodation comprises four respite units and two general Specialist Supported Housing units, providing an important social-infrastructure asset designed to meet the needs of residents requiring additional support.
The property is let to Hilldale Housing Association Limited, a Registered Provider of Social Housing, producing an initial annual rent of £95,160 - equivalent to £7,930 per month or £15,860 per apartment per annum.
The vendor advises that Hilldale occupies the property under a 20-year lease completed on 6th July 2026, incorporating index-linked annual rent reviews and tenant repairing obligations. This provides purchasers with an attractive, long-term income profile and protection against inflation, subject to the terms of the lease.
The lease structure also removes the need for the purchaser to manage individual occupants directly, creating the potential for a comparatively hands-off investment.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Culvert House, 2 Henderson Street, Macclesfield, SK11 6RA, Macclesfield
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Visit our security centre to find out moreDisclaimer - Property reference EM-170268. 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 Edward Mellor Ltd, Auction. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Edward Mellor Ltd, Auction on 0161 524 2443.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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