>
4 bedroom block of apartments for sale
Bridge Street, Macclesfield, Cheshire, SK11
£440,000
Bridge Street, Macclesfield, Cheshire, SK11
£440,000
Our Summary
- 11A - 11C Bridge Street is a fantastic longstanding mixed use investment opportunity
- The three flats are all in fantastic condition and finished to a high spec but there is potential to improve the property - adding value by increasing the rents or changing the commercial element to a different business
- Though the properties are on separate titles, they are to be sold in this instance as one package making it an impressive and convenient investment opportunity, with the option to sell them individually in the future
- Importantly, a scheduled rent review is expected to increase monthly rental income from £450 to a competitive £750, further enhancing yield potential and capitalising on the property's strong market positioning
- Potential to increase Rents - Renewal of Commercial Rent Feb 2026
Description
<|start_header_id|>assistant<|end_header_id|>
Here is a summary of the property description in a single paragraph:
This mixed-use investment opportunity at 11A-11C Bridge Street features a commercial unit currently used as a hairdressing salon on the ground floor and three flats on the ground, first, and upper floors. The flats are in excellent condition and offer potential for improvement, increasing rental income or changing the commercial element. With four bedrooms, including one 2-bedroom and two 1-bedroom flats, the property presents a strong investment proposition with a projected cash flow of £1,082 and ROI of 9.3% in 2024/25. The property is located in a quiet residential street near the town center, offering a range of local amenities, and the commercial unit is strategically positioned in a visible and sought-after location. The property is currently let on a six-year lease, providing a secure and professionally managed stream of passive income, with a scheduled rent review expected to increase monthly rental income from £450 to £750.