4 bedroom flat for sale

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4 bedroom flat for sale

Mauldeth Road, Manchester, Greater Manchester, M14
£375,000

Our Summary

  • INVESTMENT & DEVELOPMENT OPPORTUNITY THREE STOREY MID TERRACE PROPERTY COMPRISING THREE RESIDENTIAL FLATS PLUS VACANT BASEMENT WITH DEVELOPMENT OPPORTUNITY
  • Currently vacant and offers development opportunity to convert into further accommodation
  • DEVELOPMENT OPPORTUNITY
  • INVESTMENT OPPORTUNITY

Description

This three-storey mid-terrace property is a prime investment and development opportunity, currently producing £25,200 per annum with an estimated rental value of £39,000 to £40,000 per annum. The property has been converted into three residential flats, each with its own independent gas and electric meters, and is let on assured short hold tenancy agreements. The flats are situated on the ground, first, and second floors, with the ground floor flat having two bedrooms, and the first and second floor flats having one bedroom each. The basement is currently vacant and offers a development opportunity to convert into further accommodation. The property is freehold and is located in a popular area close to amenities and Mauldeth Road Train Station, with Manchester City Council's Band A rating for council tax.